XAUUSD Gold
This is an analysis that I have set up so that it can be used for one week from next week. I have also included the zone and lines of the current market that I see, so please use it if it matches your own thoughts 😄
An upward trend is forming after a major adjustment since the beginning of August. Be careful of a significant drop to $2,458.
If the high of $2,737 is not updated. 🟥The main BUY is from $2,407-2,398.
Since the zone is also nearby, I also assume a rise from $2,414-10.
If it hits, I intend to aim for a maximum of 2,470, but set the SELL zone as TP and proceed with caution.
If the range is set at the main point and the low line is broken, be sure to be wary of the above scenario of a drop to $2,379.
If it breaks to $2,441, it will be one of the targets from the next SELL zone, but I think that will change the development a little.
$2,439-41 is the TP for the short-term rise on the lower time frame. A decline from there is also possible, so a decision is essential after breaking the above $2,441.
This scenario is a rough direction, and we are aiming for a maximum of 300 pips or more, so of course we are looking at EN as broadly as this. We plan to post more detailed EN again🙇♂️
So, please continue to trade well from tomorrow. OC is also free, so priority will be given to those who like and retweet. I would be happy if you find it helpful😄
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