21.05.202006:00 Forex Analysis & Reviews: XAUUSD close to ascending trendline support. Bounce incoming!

Long-term review

Exchange Rates 21.05.2020 analysis

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.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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