XAU/USD: strong signals to buy gold

XAU/USD: strong signals to buy gold

Recommendation:

BUY 1237 SL 1222 TP1 1267 TP2 1287 TP3 1308

BUY 1205 SL 1190 TP1 1235 TP2 1245 TP3 1267

On the daily chart of XAU/USD, a retest of the upper boundary of the previous consolidation of 1,185-1,215 supported bulls. To continue the upward movement to the 161.8% target of the “Crab” pattern, the need to break the resistance at 1,245.

xauusd_d.png

On H1, a combination of “Three Indians” and 1-2-3 patterns will increase risks of the fall, if the pair breaks the support at 1,212. However, a pullback won’t be deep. The Wolfe waves” pattern signals that.

xauusd_60.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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