XAUUSD "GOLD" POTENTIALLY BULLISH
We have seen 
XAUUSD continue in the strong bullish rush creating higher highs and higher lows along the line. In the most recent time, price broke out on the most recent high (2,883.097) and not only found it as a support zone but also gave a price action candle showing some rejection of same zone.
My take, if this current H4 candle closes as a bullish candle in the next few hours, I will be going long with my first targets at 2,935 and then ride the move with a "breath-able" trailing stop
Disclaimer: Past results does not guarantee future results, trading instruments like gold is high risk
XAUUSD continue in the strong bullish rush creating higher highs and higher lows along the line. In the most recent time, price broke out on the most recent high (2,883.097) and not only found it as a support zone but also gave a price action candle showing some rejection of same zone. My take, if this current H4 candle closes as a bullish candle in the next few hours, I will be going long with my first targets at 2,935 and then ride the move with a "breath-able" trailing stop
Disclaimer: Past results does not guarantee future results, trading instruments like gold is high risk
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Price already hit the first TP of 2,935 and may find a little difficulty climbing higher however a clear break above that area will spell another move upward. At this stage, trail your stops and ride the move
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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.
Related publications
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.