#XAUUSD/GOLD breaks out, is it a long-term buying opportunity?
Diupdate
After breaking through the resistance zone of 2430-2433, the current gold price is forming a peak around 245x, with the breakout at 2386 giving gold an upward momentum again.
The market is very difficult to trade, and the trading trend for the Europe - US session is BUY. Key price areas to watch are 2428-2432 and 2390-2400. If the price fills this liquidity area, it will be an opportunity for us to target the peak zone of 2480-2484.
Recommended orders:
Plan 1: BUY XAUUSD zone 2429 - 2432
SL 2426
TP 2435 - 2450 - 2373.
Plan 2: BUY XAUUSD zone 2390 - 2393
SL 2387
TP 2400 - 2430 - 2373.
Plan 3: SELL XAUUSD zone 2451-2453
SL 2457
TP 2448 - 2440 - 2432 (small volume).
The market is very difficult to trade, and the trading trend for the Europe - US session is BUY. Key price areas to watch are 2428-2432 and 2390-2400. If the price fills this liquidity area, it will be an opportunity for us to target the peak zone of 2480-2484.
Recommended orders:
Plan 1: BUY XAUUSD zone 2429 - 2432
SL 2426
TP 2435 - 2450 - 2373.
Plan 2: BUY XAUUSD zone 2390 - 2393
SL 2387
TP 2400 - 2430 - 2373.
Plan 3: SELL XAUUSD zone 2451-2453
SL 2457
TP 2448 - 2440 - 2432 (small volume).
Catatan
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