Updated

XAUUSD UPDATE

XAUUSD after the news release might look random but its not if you take a closer look earlier on my analysis that i posted. price hit all the major price tags both for buys and the Sells.

price currently at 1635 am expecting price to drop abit down to the support at 1630 if it hold expect a rally back to 1650 to 1655 then from the reaction of price at this point will determine if there will be a further drop back to 1600.

if the current support at 1630 breaks after the retest expect further drop to the down side

stay tuned to this thread to get updates ...

Note

support @1630 still holding, price has bounced off it to 1640 and now heading back down...

if the support breaks we go Short, if it dosent then we go Long

Note

Note

going long on XAUUSD 50pips SL

Note

close long position. price failed to take out the previous high

Note

going short stoploss @ 1640

Note

+45pips in profit

Note

52pips boom

Note

price breaking 1630, if price continue to trade bekow this level expect more drop

Note

+80pips in profit take partial profit and hold the rest

Note

+110 pips in profit boom

Note

+120 pips in propfit... 90% closed

Note

+170pips boom

Note

All tp cleared

ForexAlpha7

Also on:

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.

ForexAlpha7

Also on: