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XAUUSD Gold Intraday Overview And Trade Opportunities

XAUUSD Gold Intraday Overview And Trade Opportunities

We have sold Gold yesterday after better than expected US CPI data. Tariffs Delay added weight on safe-haven assets and we have reached our targets.

As seen on the M15 Chart, XAUUSD is stuck and consolidating in a rectangle. It is in a “No Trade Zone”

Technical Levels:

1505.56 AB=CD retracements.

1494 Lower Line of the Rectangle

Trade Opportunites:

Short the bearish breakout of the rectangle at 1494 -1493. Targets: 1487 1481 Ultimate Target: 1469

Long the bullish breakout of the rectangle at 1506. Targets: 1512 1515 1521

Update: Long Trade Reached the targets

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

 

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Ercu Kartas

Treasury Department Dealer Technical Analyst FX Trader

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