XAUUSD was breaking above the upper border of the expanding tringle and retesting it.
The 200MA gives additional support for the gold suggesting two possible scenarios:
TRADE IDEA: The price may rise on a break above the 3345 with the target at the 3365-3370resistance;
However if the price breaks below the 3320 XAUUSD will decline to 3265-3260
The 200MA gives additional support for the gold suggesting two possible scenarios:
TRADE IDEA: The price may rise on a break above the 3345 with the target at the 3365-3370resistance;
However if the price breaks below the 3320 XAUUSD will decline to 3265-3260
Trade active
Trade closed: target reached
Note
We hit our buy target 3360
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Disclaimer
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