XAU/USD Signal - EUR CPI Index - 1 Sep 2020

Signal Details

Entry Price:

1985.9

Take Profit:

2070.00

Stop Loss:

1950

Direction:

Buy

How we trade

XAUUSD is trending to the upside prior to a news heavy week. We anticipate upside as traders look to limit their risk , as NFP, central bank meetings and CPI data all lie on the horizon. Technically the gold has recently broke to the upside of a wedge pattern, a bullish sign. We anticipate upside to retest the yearly highs, and have targets at the 2070 level.

Submitted by Toni H. on Tue, 01 Sep 2020 06:06:25 GMT

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

XAU/USD Signal - EUR CPI Index - 1 Sep 2020

You are here

Live Broker Spreads

Site Pages

Legal Pages

Social Corner

Trading tools