FX.co - XAUUSD close to ascending trendline support. Bounce incoming!

2020-05-21T04:00:34

Long-term review

Trading Recommendation

Entry: 1736.57

Reason for Entry: Ascending trendline resistance, 38.2% Fibonacci retracement.

Take Profit : 1764.06

Reason for Take Profit: Horizontal swing high, 161.8% Fibonacci extension

Stop Loss: 1719.35

Reason for Stop loss: 61.8% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ XAUUSD close to ascending trendline support. Bounce incoming!