XAUUSD at daily support, a bounce is likely towards 2005

21 Nis 2023

In the last post we talked about the short position from 2015 to 1980 at daily support. The price hit that support and bounced from there as mentioned. The bounce was till 2012 and it fell again on the daily support. This time again the support should make the price bounce. A long should be favorable here. The target should be at least 2005.

27 Nis 2023

İşlem kapandı: hedefe ulaştı

So this turned out to be a winning trade with a good precision. The price came to fill our entry and exactly reversed from there to reach our target of 2006. And then the price reversed from 2006 zone to come back to the daily support exactly to our entry point. And that again gave a bounce and currently price trading at 1988 level.