XAUUSD

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Here is our view and update on XAUUSD. Potential short opportunity.

We broke our Key Level mentioned in our channel 2678. Breaking below it, resulted in a price drop and a clear direction setup. We are now targeting our next KL (Key Level) at 2650 and if broken, we could very easily revisit 2600s (2604.700) to be exact. Overall we will be looking for sells at this point, even though we are extremely bullish on XAUUSD. 2600s is a key demand zone and we could continue back up from there.




KEY NOTES

- XAUUSD broke 2678 and dug deeper in the price.

- Break of 2650 (our next KL) would result in more sells.

- Possible revisits of the key demand zone at 2600s.

Happy trading!

FxPocket

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ملاحظة

Please do keep in mind this trade idea is “SHORT” and not “LONG” due to a mistake.

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أغلقت الصفقة: تم الوصول للهدف

Gold has reached the targeted area 2600.