Here is our view and update on XAUUSD. Potential long opportunity.
As per our last adaptive analysis, XAUUSD continued to the upside. We now had a beautiful break and a retest of our PBA 1 (Pullback Area). We should see more upside.
In detail,
We broke our PBA 1 area at 2640-2644 and made a nice retest. The price is staying above those price levels which gives us a good sign that we will continue to the upside. Our entry is sitting at 2655 and our TP (Take Profit) is sitting at the current ATH (All Time High) at 2685.640. Our SL is below our PBA 1 sitting at 2637.800 as if we break below it, we should see more downside moves.
PARAMETERS
- Entry: 2655
- SL: 2637.800
- TP: 2685.640
KEY NOTES
- XAUUSD broke and retested our PBA 1.
- XAUUSD is trading above our PBA 1.
- Break below our PBA 1 could result in more downside.
Happy trading!
FxPocket
As per our last adaptive analysis, XAUUSD continued to the upside. We now had a beautiful break and a retest of our PBA 1 (Pullback Area). We should see more upside.
In detail,
We broke our PBA 1 area at 2640-2644 and made a nice retest. The price is staying above those price levels which gives us a good sign that we will continue to the upside. Our entry is sitting at 2655 and our TP (Take Profit) is sitting at the current ATH (All Time High) at 2685.640. Our SL is below our PBA 1 sitting at 2637.800 as if we break below it, we should see more downside moves.
PARAMETERS
- Entry: 2655
- SL: 2637.800
- TP: 2685.640
KEY NOTES
- XAUUSD broke and retested our PBA 1.
- XAUUSD is trading above our PBA 1.
- Break below our PBA 1 could result in more downside.
Happy trading!
FxPocket
Trade closed: target reached
Closed half at 2677 and let the rest run!Trade closed: target reached
Target 2685.640 reached. New ATH created!
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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.