17.5 pips to catch on XAU/USD
Updated
I am looking for a Quick Buy on XAUUSD
I Entered this trade on 1287.0
I am looking at a crossing of the 14 EMA & the 50 EMA lines to the upside on both the 15 Min & 4 Hour Timeframe
I only plan to catch somewhere around 17.5-18 pips on this move
Will further analyze this pair again once i reach an area of resistance around where my TP is set at 1310.0
Note
*Update*Price did not quite reach predicted TP and is looking like a reversal to the downside now on the 15 Min chart.
I have already taken profits for this trade.
Trade closed: target reached
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