Following my successful today's trade on 
XAUUSD, price action overpassed the bottom of the zigzag structure.
I am expecting a limited pullback to the 2329 price area before going further south
XAUUSD, price action overpassed the bottom of the zigzag structure.I am expecting a limited pullback to the 2329 price area before going further south
Trade active
Finally price action managed to pullback to the 2336-2237 resistance area I used earlier today. Now waiting to revisit the Daily low in the 2324 area Trade closed: stop reached
Positive stop loss was triggered. Gold USD price action still hovering much below my last bearish breakout area of 2356-2357 suggesting a pendant new bearish impulse.If the upward trend persists I'm going to wait for an attempt in the 2351-2353 price zone to consider a new entry. Otherwise I'll enter earlier.
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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.