GOLD XAUUSD: LONG @ 38.2% and 61.8% retracement
Update: Stopped out
Entry: 1177.4
SL: 1167.44
TP: 1238.8
Key points I see:
- Uptrending channel
- Strong confluence of 61.8 and 38.2 fib levels acting as support
- Bounce off the 20MA as shown with the 3 std dev bollinger bands with 20 MA
Entry: 1177.4
SL: 1167.44
TP: 1238.8
Key points I see:
- Uptrending channel
- Strong confluence of 61.8 and 38.2 fib levels acting as support
- Bounce off the 20MA as shown with the 3 std dev bollinger bands with 20 MA
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