XAUUSD Trade idea in 1 hr chart
Updated
Hi to everyone reading this. This is an idea of mine that I would take in the long side. As seen in the image, the price is consolidating in the short term but the indicators, region of interest, and price movement are showing much movement to the upside up until the 17400 region. Although, I am expecting a range movement since it just recently broke the downward trend as seen from the trendline that I drew.
Note
Hi guys! To those who viewed this post, it seems that our tp region has been hit. Congrats to everyone who went long. I was sure it would go up after it consolidated on the resistance-turned-support and have sellers try to push it down with good volume but were unable to. I will be publishing more ideas soon since I use this as an opportunity to journal my trades.
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.