XAUUSD breakout of downtrend
Updated
Hey everyone, I'm an unprofessional trader and am just going to share my idea on this platform to monitor my trading ideas.
I think XAUUSD has broken out of its current trendline and is going to test the 1960 level after doing a re-test of the trendline.
If I see a confirmation that XAUUSD gets rejected at the trendline I will go in for a long.
If Gold is above 1920 at the end of the day I see this as a bullish sign.
DISCLAIMER: I'm just doing this for fun and it is probably more "speculation" than actual strategy or knowledge.
I think XAUUSD has broken out of its current trendline and is going to test the 1960 level after doing a re-test of the trendline.
If I see a confirmation that XAUUSD gets rejected at the trendline I will go in for a long.
If Gold is above 1920 at the end of the day I see this as a bullish sign.
DISCLAIMER: I'm just doing this for fun and it is probably more "speculation" than actual strategy or knowledge.
Note
The market closed above 1920 level yesterday and therefore I was going in with my trades.my profit targets are: 1951;1967;1998; and 2012;
Note
1920 has proven to be a strong level of support and i made some good profits after the pullbackTrade closed: target reached
cashed out at 1963
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