Continuation levels for buy positions
Updated
XAUUSD is currently experiencing an upward momentum, and indications suggest it may persist until it reaches the $2006 zone, which aligns with the marked supply level on the daily chart. There are two noteworthy demand levels situated below, pertinent for continuation trading. The initial one is discernible on the 15-minute chart, roughly around $1958. The stop loss will be placed slightly below this demand. In the event that the stop loss is activated, one could consider re-establishing a buy position at the daily chart's demand, approximately at $1932. In both scenarios, the target remains the supply level at the pinnacle of the daily chart.
Note
The buy position was closed at the supply above, open a new sell position at this supply and already roll stop loss to breakevenNote
Roll stop loss to 1995.50
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- Est. Since 2018.
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- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
citytradersimperium.com/
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