The5%ers Blog

A New Continuation Level For Buy Position On XAU/USD

continuation levels xauusd 4-6

Price Action Analysis For XAU/USD Tuesday 04/06/2019

In a 1D chart, we can see that the XAU/USD is still bullish, in the long term, the next fresh supply is at 1550.00 zones,

therefore there is a high probability the price tends to reach there.

Two days ago, the price creates a new fresh demand below, that demand is a great continuation level to join the bullish momentum.

If the price retrace that demand it will be a great opportunity for buy position, the first target will be the resistance above

And the final target will be 1550.00 zones.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram
Share on email
Share on vk

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Close Menu

Your message is underway!

You will be hearing from us shortly