I've entered a Gold XAUUSD trade based on the fact that the price is currently above the weekly open at 2572. While the US Dollar is strong at the moment, I believe Gold needs to retest the quarterly open at a minimum.
The stop loss is clearly set, and I see potential for the price to move towards the quarterly open. Once we reach that level, we’ll reassess and see how the market is behaving to determine the next steps.
Stay tuned for updates!
Trade active
Put Stop loss at entry point.
If it gets back inside weekly open, then i will re-evaluate and may be short for while till previous week low, and possibly previous quarter mid. its a good support.
If it gets above previous monthly low, then enjoy your tp at quarterly open, and mid range.
I will keep you updated.
Trade closed: target reached
Greetings...!! Guys TP hit, if you took the profit congratulations.
If you missed the trade, its okay... there are many trades coming.. keep following for more trade ideas.
🟡 Disclaimer: Not financial advice. For educational purposes only.
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