Gold Spot / U.S. Dollar

Long

Updated

XAUUSD

going long on XAUUSD, RISKING JUST 40 PIPS STOP LOSS. hoping to ride the retracement upwards. price trading above our previous support

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hammer formed on the 1hrs

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price struggling @ 1632, acting as a minor resistance. once that price level is broken expect rally to 1640

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70 PIPS IN PROFIT

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100 PIPS IN PROFIT

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MOVE STOPLOSS TO ENTRY AND HOLD

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PRICE TRADING ABOVE 50.0% FIB LEVEL. APPROCHING 61.8%

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TAKE PARTIAL PROFIT

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PRICE TRADING VERY CLOSEW TO 61.8 FIB LEVEL.

LONDON OPEN MIGHT PUSH PRICE DOWN ABIT OR NOT

1640 REMAINS OUR POINT OF INTREST

Also on:

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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.

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.