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VasilyTrader
5 de May. de 2021 9:25

GOLD (XAUUSD): Current Market Outlook 🥇 Largo

GoldOANDA

Descripción



Hey traders,

I was asked many times to give a detailed update on gold.

From an intraday perspective, the market is currently consolidating.
The price is stuck within a narrow horizontal trading range.
1795 - 1800 is its resistance
1755 - 1765 is its support.

It looks like the market participants are waiting for some fundamental trigger.

If you are a scalper/intraday trader,
consider the boundaries of the range for range trading.

If you want to catch the next wave, I would suggest waiting for a range breakout trade.

I remain bullish biased and expect a bullish continuation after a consolidation.
However, for now, we wait.

❤️Please, support this idea with a like and comment!❤️

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Comentarios

Check my new idea on SILVER:
Comentarios
BrysonWinchester
I like your analysis. Its now at 1794 (very close to resistance), it will be interesting to see whether it retreats for the range trade or breaks out.
bappykhalidhasan0
amazing
sahelabshari
great my freind🌷🌷 tnk dear🌷🌷🌷
SignalProvider
I always appreaciate your input on XAUUSD
amazing!
VasilyTrader
@SignalProvider, thank you so much buddy!!!
Helical_Trades
Good one my friend
VasilyTrader
@Helical_Trades, thank you my friend 🙏
soniaasu
thanks for share 📉.. but support zone 10$..
VasilyTrader
@soniaasu, you are welcome bro :)
UnknownUnicorn15614419
Thanks for sharing friend! ) I'm waiting second options - short.
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