As we can clearly see, that there is a lack of momentum. Exiting this trade will be a good option. We will be taking another entry. Xauusd is still at Breakeven. So exiting this trade will be a good choice.
As suggested gold has broken upper level now we are long on gold and SL has been set below entry candle and target should be 1:3 and you must trail your stop loss as we don't have exact level this time as gold is at it's ATH.
Gold is in sideways condition and now it's trying to break it's upper handle and once it break the high this time, then with full confirmation this could be a Buy setup and then SL should be at the below entry candle and always trail your Stop Loss.
This setup has failed as mentioned it unable to close below our entry zone, Looking for another setup to form and stay tuned for more Technical Analysis.
XAUUSD is forming an Head & Shoulder Pattern in 30 min TF. Once it break down this will be forming an Sell setup. Target as mentioned, SL as per candle formation.
As explained Target achieved in Buy setup. As we are looking for another set-up. XAUUSD Buy Setup.
As i explained this Gold setup its going up. SL below entry candle, Target as mentioned.
Gold is in sideways condition in this situation we should take entry as per market shows the direction, I have clearly mentioned how to take entry where to take entry and where should be the target but SL should be at the opening of entry candle.