Long XAU/USD off major 4HR support
Looking for major trend reversal in line with significant 4HR trendline and previous value area. Long anywhere in the highlighted zone but ideally around 1317. 40 pip stop at 1313 and significant upside continuation expected into the 1330s.
Note
Very solid reaction off the highlighted zone. 40% of position closed and stop moved 10 pips past entry.Note
Price hit stop at 10 pips above entry.Result: Profitable
Entry: Long @ 1318.00
Closure 1: 40% @ 1325
Closure 2: 60% @ 1319
Equity gain with 2% risk: 2.2%
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