XAUUSD Long

٥ أغسطس ٢٠٢٢

Hello Everybody,

Here is a possible trade scenario for XAUUSD.
There is a possible Cup and Handle Pattern on Weekly time frame.
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At the bottom of Cup there is a trend reversal Head and Shoulder Pattern.

4HR time frame ;
Trend reversal almost completed and a breakout happened. Now it looks like a retest also finished.

Here is my trade Plan; Get ready for a long term position. This is not 1-4 week analyze.
I'll start filling small orders from this range.1760-1770
Below 1661$ i will stop my positions.
Target is over 2000 $

I expect Gold will go2-3k high price ranges in a year.

Good Luck To All