XAUUSD: Bearish Waves Narrowing & Trend Starting Up- 08-08-20

2018년 8월 8일

As per my previous analysis, bearish waves became narrowing more and more which indicates at their weakness and the trend is starting to go up too.. Also if we go to the daily time frame, we can notice that candles started to go up after touching a level of 1204 which is a strong demand zone. My opinion is that the pair is going Long in the next week. If a bullish candle closed above 1215, so you can enter a trade safely with 1st TP at 1223 and 2nd TP at 1235.