XAUUSD has broken from an important support that it has been testing the entire week. This shows bearish pressure. MACD has also showed signs of fading bullish momentum. However, price is stabilizing in the middle of the daily Bollinger Band, so we might do a pullback to retest the support that it broke out of first before going further down. With NFP looming over us, the Fed Reserve's decision may help us achieve our TP.
Please do not risk more than 1% per trade. As it's Friday and NFP, we may experience gaps over the weekends so please exercise caution.
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Please do not risk more than 1% per trade. As it's Friday and NFP, we may experience gaps over the weekends so please exercise caution.
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Trade active
TP1 hit! Congrats Traders!Moving the rest of the shorts SL to BE, risk free trade now! :)
Trade closed: target reached
Trail stopped hit!We managed to secure TP1, too bad TP2 didn't hit :(
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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.