XAUUSD possible re-entry to 1800 // 300 pips up [REPOST]
Updated
For people who missed out on a long position for XAUUSD , we can see a possible retracement to its consolidation resistance area , which now act as support.
Do not place a buy now, wait for retracements to 1766 / 1762 and place a buy position. With stops below the previous low, and aim it up to 1800.
However, because of XAUUSD volatility , our SL is slightly further, please manage your risks properly, and once it hits 1:1, look into breaking even trades :) Cheers!
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
Do not place a buy now, wait for retracements to 1766 / 1762 and place a buy position. With stops below the previous low, and aim it up to 1800.
However, because of XAUUSD volatility , our SL is slightly further, please manage your risks properly, and once it hits 1:1, look into breaking even trades :) Cheers!
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
Note
Price hits 1766 area and went up, those who have others placed. You guys should be in profits now. hehe Just nice it hits that area and shot up. Sniper entry? or Luck?
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