XAU USD breakout trade
Updated
A similar move to the one after Russia-Ukrain war news happened in January 2020. I expect a backtest to the broken trendline and a strong move upwards. The news on January 2020 were similar to the news today too.
Trade closed: target reached
Take profit was hit yesterday. I still expect more upside because some pretty serious resistances were broken. I find it to be unlikely that they were broken just to give way for a %10 move.Note
I'm looking for a reentry around the 1875-1900 level. Stop loss will be manual and around 1830, first take-profit is around 2050
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