XAUUSD -Now that we have tapped into the ATH of 3005 per ounce an hourly closing under the 3000 level, price can potentially retrace for +300 pips based on the hourly time frame rejections.
-Closures under 80 should see more sellers step in to get to the levels of 2968.79
-Fibonacci %50.0 located at 2985 areas, hopefully we get rejections from this level.
MONITOR CLOSELY.
-Stops are at B/E at entry position.
-Will take partials on the way down.
-Entry 2994.07 on the hourly rejections
-Exit 2968.79
Trade closed: stop reached
Stopped Out at B/E with +80pips worth of partials already taken.STAY TUNED FOR NEXT IDEA
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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.