XAUUSD Coming Down for a Retest
Previously entered the breakout at 1191.00 and have taken profits at 1205.00 / 78.6% Fib.
Looking for entry reasons once again at 1196.00 which is the the 50% Fibonacci retracement and recent support zone.
We will make a double bottom at 1196.36 and from there observe price action for entry.
Target of 78.6% Fibonacci / 1205.00.
Looking for entry reasons once again at 1196.00 which is the the 50% Fibonacci retracement and recent support zone.
We will make a double bottom at 1196.36 and from there observe price action for entry.
Target of 78.6% Fibonacci / 1205.00.
Trade closed: target reached
Profits secured.
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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.