XAUUSD Gold
Depending on the conditions, it is possible that a large gain will be made, so let's analyze itđââïž
In the case of an uptrend, the aim is to aim for a pullback after the zone break.
Currently, the 20MA on the hourly chart is a support that can be considered as an axis, so I will use it occasionallyđ
If the high price is cut down at the hourly chart level as in the past, the aim is to fall to a maximum zone around 2,415-10 dollars. Even if you look at the low line, there is no change in the upward trend, so I think it is necessary to be careful of the BUY zone up to that point.
Recently, the aim is to sell from 2,467-71 dollars. If it hits, it will be a short-term trade up to 2,450 dollars. If it rises from there, it will lead to the following 1-hour chart shape, so I think it is safe to say that there is a high possibility of a decline to the two BUY zones.
Since it is in the high range, it is necessary to sell and keep an eye on TP1 and 2 in the short term. The MA is strongly supported so the focus is upwards, but if the zone is broken, I think there will be a correction. I think it would be fine to simply buy from $2,450-45, or follow the rise.
It's simple, but I hope it's helpful đ Please like if you like it.
