XAU/USD provides trade opportunities

XAU/USD provides trade opportunities

2020-11-05 • Updated

After a wide consolidation during the US vote count, XAU/USD has managed to close above $1 915 on the H4 (50-day MA). The short-term momentum, is bullish. The line connecting October highs around $1 928 is a good target. The decline below $1 910 will open the way down to $1 900.

Trade ideas for XAU/USD

BUY 1 919; TP 1 928; SL 1.914

SELL 1 908: TP 1 900; SL 1 911

XAUUSDH4.png

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