XAUUSD, Daily trendline and MA-200 support
Hello my friends,
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest 1832-1835 area.
Buy XAUUSD 1790
Stop loss 1776
Take profit 1832 (3R)
Use only 1-2% risk
Good luck
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest 1832-1835 area.
Buy XAUUSD 1790
Stop loss 1776
Take profit 1832 (3R)
Use only 1-2% risk
Good luck
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