Gold: $1866.00 TP Achieved!

24 Sep

Most Accurate XAUUSD | Gold Trader | Analyst | Analysis | Strategy | Robot | Algorithm | RvR Ventures

Gold: $1866.00 TP Achieved!

Posted by RVR Ventures In Analysis 0 comment

Another Victory in Gold Analysis: As per analysis dated 12.08.2020 #Gold crashed from 1966.00, target price of 1866.00 was achieved successfully on 23.09.2020

Gold’s (XAU/USD) correction from record highs of $2075 has regained traction this week, with the August low of $1863 taken out, thanks to the relentless surge in the US dollar’s safe-haven demand. Global economic recovery worries amid coronavirus resurgence in key economies and central banks’ on hold monetary policy outlooks continue to fuel the dollar’s rally. The bright metal extends Wednesday’s 2% sell-off this Thursday, down for the fourth day in a row, as bear eye a test of the critical support at $1844. The bear-case for the yellow metal has been building for some time, with the dollar threatening a correction but just failing to gain the momentum at the right time. Now that it appears to have gathered that support, gold could retreat much further, with $1,860 the next test but $1,800 perfectly feasible.

Most Accurate Gold Traders | XAUUSD Analysis | Forex Trading Robots | Algorithms — Trading signal generated by my algorithm on 11.09.2020 for a sell at 1967.00 with TP1 at 1915.00 and TP2 at 1867.00 respectively, both TP achieved on 23.09.2020. Net Profitable Pips: 10,000 pips in 12 days | 288 hours.

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