XAUUSD Trade Setup:
We are watching the 3260 resistance level closely. If the market breaks above 3260, we will look for a buy opportunity, targeting the 3390 level.
However, if the market fails to break above 3260 and shows signs of rejection, we will consider a sell setup, with a potential move down toward the next support at 3200.
We are watching the 3260 resistance level closely. If the market breaks above 3260, we will look for a buy opportunity, targeting the 3390 level.
However, if the market fails to break above 3260 and shows signs of rejection, we will consider a sell setup, with a potential move down toward the next support at 3200.
Trade active
XAU/USD trade activated at 3266 and reached 3319, 530 pips gained. trade remains open targeting 3390, as long as the 3260 support holds. Trade closed: target reached
Congratulations on a Successful sell Trade!XAU/USD broke down from 3260 and moved decisively to the second support level at 3200, perfectly hitting your
sell-side target.
This downward move delivered a solid 600 pips in profit.
Total pips gained : (530pips buy) + (600pips sell) = 1130 pips.
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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.