Hello Traders, First take a look at my previous analyses XAUUSD after breaking its upward channel, entered a downward phase, this downward phase brought the price even below the level of 1750. But the price is still trying to hold the starting wave area c (d area).
The optimal entry point for a long position is from now until the price is in the yellow box.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP 1 and 2 are on the chart.
Optimum stop-loss area is on the chart.
Please share ideas and leave a comment, let me know what's your idea. CrazyS
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.