XAUUSD - LONG

Bullish Trend on Hourly Time frame
HH, HL in formation
Bullish Engulfing candle formed at HL
Respecting the yellow highlighted area, where FIB 38.20 and Daily support rests
Entry was taken accordingly at 1727
SL placed below recent HL at 1719
TP 1 is FIB 100%
TP 2 1745 (previous FIB level)
Chart PatternsFibonacci ExtensionFibonacci RetracementHarmonic PatternsTrend AnalysisXAUUSDxauusdanalysisxauusdlong

Disclaimer