Gold (XAUUSD) Daily Technical Analysis - Time to Buy!

in #gold6 years ago

#XAUUSD

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The price is on a strong support and buyers already had a good reaction: +1.67% in 4 days.
Last time that the price hit the support, the reaction was +1.31% in 2 days, then the price had a negative day before rising towards $1360 level.
The price today is $1254, which seems to be a good price to buy and place the stop loss under the support at $1240, getting an appealing risk to reward ratio.

Follow me: @forex-intraday

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@forex-intraday dear gold major trend still sell in my view it will go up and will retest 1265 then it will drop and hit 1237.
follow me i shall be very thankful to you.

Thanks for sharing, but my chart covers a longer period than yours. Probably you wanted to say minor trend is sill sell :P
Following you, good luck!

market hit accurate 1265 then drop 1254 :) well bro if you don't mind kindly follow or upvote me im new here :)