XAUUSD a bullish movement is highly possible
Based on the chart, price reached a major resistance area and then is strong rejection is about to happening. This rejection can be a good confirm of strength in buyers at this area and on the other side we can see the weakness on sellers.
So Based on this scenario I opened a buy position with a good risk reward ratio which is about 1:4.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
So Based on this scenario I opened a buy position with a good risk reward ratio which is about 1:4.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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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.
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.