XAUUSD - LONG - 05/01/25
We have BOS(Break of Structure) on the 4HR timeframe. Looking to continue with the trend to the previous micro high for 1:3 or to the level marked "👁️" for a 1:7 risk:reward. All this bearing in mind that price has on the Daily timeframe been consolidating and could go either way. However the technical analysis highly suggests higher gold prices.
Trade active
1:3 RR reached🔥🔥. Strong price retracement after, waiting for confirmation to continue upside.
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