What's next for GOLD $XAUUSD
Updated
It broke the flag going up. The next possible price of importance is 2222 because of how the number looks.
This is exactly what happened, went up to 2222.21 before coming back down a bit
The next play would be to wait for it to come back to test the flag break (somewhere around 2150-2160), before going up to potential 2300
I might take a small short position for the ride down to retest, before going long till 2300
This is exactly what happened, went up to 2222.21 before coming back down a bit
The next play would be to wait for it to come back to test the flag break (somewhere around 2150-2160), before going up to potential 2300
I might take a small short position for the ride down to retest, before going long till 2300
Note
So far, we're going according to plan. Reached 2162 and looks like it might be reversing.Seeing a 61.8% fib retracement on the 4H with a bullish engulfer.
Might see a new ATH tonight
Note
Retest done and confirmed, and we're now heading back to new highs.Note
Previous ATH reached. Let's see if it will breach it and head to target 🚀 So far, everything going according to plan 👍
Trade closed manually
Target Achieved 👍 That was a fun ride 🚀
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