My opinion about the XAU/USD on 04/08
Updated
Hi friends, here my daily analytics for XAU/USD .
- The price was caught between this trend line and this strong resistance.
- He broke the trend line so I think that we should long.
Entry price 1651
Stop loss 1645
Take profit 1685
Please give me advices to progress, i'm a young engineering student who loves economy.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
- The price was caught between this trend line and this strong resistance.
- He broke the trend line so I think that we should long.
Entry price 1651
Stop loss 1645
Take profit 1685
Please give me advices to progress, i'm a young engineering student who loves economy.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
Note
Move your stop los to 1642, the price have many chances to bounce on the cross between the support line and the trend oneTrade active
Close half of you position at 1661 and let the rest flow !Trade closed: target reached
Another Take profit reached !!!For those who didn't closed at 1685, you can put the stop loss at 1678 and let the profit flow until you're proud of it !
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