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Gold: These Two Levels Can Change The XAUUSD Trend Posted: 19 Sep 2021 06:42 AM PDT Advice For Day Traders:XAUUSD is not tradable between the range of 1766 to 1745. They are trend changer levels. Gold’s Simplified Trading Strategy:According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold’s target price 1782 – 1790+. In simple language, you should wait for the breakout of 1766 or 1745. Because of that’s a crucial level for XAUUSD traders. If gold will breakdown the 1745 level, then the downtrend will begin. And that downtrend can drag it down up to 1730 – 1706 – 1686. Please note, don’t forget to watch significant releases or events that may affect the movement of gold, silver, and crude oil: Tuesday, Sep 21, 2021 Wednesday, Sep 22, 2021 Thursday, Sep 23, 2021 Friday, Oct 01, 2021 Would you like to get our all commodity updates instantly? We have an option for you. Do you want to get Premium Calls only? If you have any questions or concerns about Commodity Market then contact by following ways: Have you any question/feedback about this article? Please leave your queries in the comment box for answers. The post Gold: These Two Levels Can Change The XAUUSD Trend appeared first on Moneymunch. |
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