Short

XAUUSD Two possible Setups

By faario

Updated

1- Short at around 2032 for the target of 1985

2- Long at 1985 for unspecific TP

SL: 6$ each direction

Note

we can start going towards 2032 from 2016. so it can be considered as well.

Trade active

A small buy position at 2016.5 for the TP of 2032 is undergoing.
for this one the SL will be 2013.

the rest remains the same . still looking forward to the two setups in the main idea.

Trade active

Full TP Reached on our small position from 2016.

Now The first position main setups of selling 2032 is activated and undergoing.

dont forget to manage the risks and trail the stoploss / or risk free the position according to your money management strategy

Trade closed: stop reached

was worth trying to sell around 2032. we had a good reward as the price came around 2020 but in the end the stop reached.

faario

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.