XAU break of zone
Updated
I am waiting for price to break out of this consolidation area before trading it.
I'm looking for price to do one of the following (A) break and retest the 1HR downtrend for the BUY to reach the weekly level or TP1 -27 on the 1HR fib OR
(B) Respect the 1Hr downtrend, break through and retest support zone again and make it's way down to the next Support zone. (120 to 180 pips)
I'm looking for price to do one of the following (A) break and retest the 1HR downtrend for the BUY to reach the weekly level or TP1 -27 on the 1HR fib OR
(B) Respect the 1Hr downtrend, break through and retest support zone again and make it's way down to the next Support zone. (120 to 180 pips)
Trade closed: target reached
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.