XAUUSD Trade Idea Jan/03/2020 @ 12:07 AM PST
Updated
Disclaimer: Take at your own risk. This is a trade idea. Past performance does not ensure future results.
Candle needs to close above the Equal High/ Equal Lows.
Used Fibs to get levels and also matched with previous highs for potential TP.
Candle needs to close above the Equal High/ Equal Lows.
Used Fibs to get levels and also matched with previous highs for potential TP.
Note
When in profit, remember to place SL to BE or BE+2 pipsNote
Gold Hit TP1. Put stops in profitNote
Gold Hit TP2. Put stops in profit.Trade closed: stop reached
Stop Loss in profit hit. This was a Resistance level on Sep/03/2019 @ around 4PM PST.Note
Weekly Trade Idea Review:This trade idea had an effective SL. Although in-profit SL was hit, the overall SL was not hit and TP3 is really close to be hit. Once market opens up again, will create another set up. Note: it is better to have an in-profit SL. Never let a winning trade become a losing trade.
Given the news about US and Iran/Iraq, there is a high possibility this will gap up with a significant amount and will go up even more to a weekly resistance of 1564.54.
Let us hope for peace in these turbulent times.
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