Looking back:
I mentioned about XAUUSD in my post last week about waiting for a price action pattern to determine an entry @ zone 1217-1227. The price of Gold actually went back to 1212 before plotting big move to 1233 in only one day.
Weekly Chart:
Bullish pin bar with rejection of low price @ zone 1212-1216
Daily Chart:
Friday closed with a small Doji.
Watch out:
1. There might be a retest @ zone 1214-1224
2. Zone around 1236 might be the 1st resistance
3. Zone around 1243 might be 2nd resistance
Action:
Waiting for a price action pattern to determine an entry @ zone 1214-1224
I mentioned about XAUUSD in my post last week about waiting for a price action pattern to determine an entry @ zone 1217-1227. The price of Gold actually went back to 1212 before plotting big move to 1233 in only one day.
Weekly Chart:
Bullish pin bar with rejection of low price @ zone 1212-1216
Daily Chart:
Friday closed with a small Doji.
Watch out:
1. There might be a retest @ zone 1214-1224
2. Zone around 1236 might be the 1st resistance
3. Zone around 1243 might be 2nd resistance
Action:
Waiting for a price action pattern to determine an entry @ zone 1214-1224
Trade active
Zone 1224 retested twice. Order has been filled with profit. 
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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.
Related publications
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.