Long
GOLD REVOLUTION
XAUUSD's last week breakout is so crucial for the next move, after over a 6% rise in the last 3 weeks the bulls are expected to take some profits at 1910-1920 which is a very strong resistance zone. To go with gold elites, wait for a retest of 0.5-0.681 fib retest after bullish candlesticks patterns and volume confirmation.
From fundamental analysis perspective, Russia-Ukraine crisis is playing a huge role in market-volatility as the invasion seems closer more than ever "Roughly 75% of Russian conventional forces deployed against Ukraine, US official says"
Don't rush buying, price might go even lower, this is a swing trade setup! your SL will be safer below the POC (Yellow horizontal line).
If this trade idea plays out, don't forget to take profits at major resistances: 1960-2000-ATH.
Remember that trading is a game of probabilities, nothing is guaranteed! but when a 70-80% win chance shows up, it is worth the risk (3% of your account size max).
From fundamental analysis perspective, Russia-Ukraine crisis is playing a huge role in market-volatility as the invasion seems closer more than ever "Roughly 75% of Russian conventional forces deployed against Ukraine, US official says"
Don't rush buying, price might go even lower, this is a swing trade setup! your SL will be safer below the POC (Yellow horizontal line).
If this trade idea plays out, don't forget to take profits at major resistances: 1960-2000-ATH.
Remember that trading is a game of probabilities, nothing is guaranteed! but when a 70-80% win chance shows up, it is worth the risk (3% of your account size max).
Trade closed: target reached
Congrats!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.