XAUUSD, 4hr tf, the beggining of wave-5
This recent upwards movement could be the beginning of wave-5.
Right now price retracing at 61.8 fibonacci level which is an interesting level to place our buy.
I am going to buy XAUUSD because price might rise towards 1810-1815 area which is the next resistance level.
Buy XAUUSD 1773
Stop loss 1761
Take profit 1815 (3.5R)
Use only 1-2% risk
Good luck
Right now price retracing at 61.8 fibonacci level which is an interesting level to place our buy.
I am going to buy XAUUSD because price might rise towards 1810-1815 area which is the next resistance level.
Buy XAUUSD 1773
Stop loss 1761
Take profit 1815 (3.5R)
Use only 1-2% risk
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.