XAU/USD Analyze weekly chart ideas 11 - 15/05/2020
- Trend : Long Term Bullish
- Resistance 1740 & Support 1670
- signal : Recently there was a rising tail bar and a rising battery bar formed last week. as I show on the chart
- Current Notes : We see the tail bar and pin locked by support 1670.
- Commercial idea : We will continue to consider looking to buy on any short term retracement lower => find the best buy signal, while the price holds above the short-term support zone of $ 1666, targeting a move back to $ 1740 (recent high)
=> You should pay attention to risk management after having entered the order.
- Resistance 1740 & Support 1670
- signal : Recently there was a rising tail bar and a rising battery bar formed last week. as I show on the chart
- Current Notes : We see the tail bar and pin locked by support 1670.
- Commercial idea : We will continue to consider looking to buy on any short term retracement lower => find the best buy signal, while the price holds above the short-term support zone of $ 1666, targeting a move back to $ 1740 (recent high)
=> You should pay attention to risk management after having entered the order.