XAUUSD Has a AB=CD Pattern and has a strong resistance level on 1256.50. The Risk Reward Ratio (RRR) would be rewarding.
Note
SL: 1257.79TP1: 1245
TP2: 1237.44
Note
it is going back up to 1250 level, and expect it will bounce back downTrade active
TP1 reaches. Capture partial profit and move your SL to entry levelNote
It is gonna hit TP2 soon. Expect a retracement at TP2. But I think that would reach 1210 if it break TP2 at 1237 levelTrade closed: target reached
TP2 reached.
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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.