Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD is respecting the trendline very well and giving a up trend after touching the trendline support, now XAUUSD is Falling and can respect the support area around 2938/2932. According to me XAUUSD will continue the bullish trend and go for long for all time new high again from this support area.. XAUUSD can move to the first target around 2955 and then to second target around 2980.. First target will work as a resistance area, if Gold break this properly then it will reach to the all Time new high around 2980..I Have identified the LONG POSITION in the chart..
KEY POINTS:
CURRENT PRICE 2935
SUPPORT AREA 2938/2932
TARGETS:
1st TARGET 2955
2nd TARGET 2980
CANCEL TRADE 2917