XAUUSD: upward trend line broken, hovering at support level
Updated
as shown in the chart, the upward trend from 1270 has been broken, prices are hovering around 1480 support level.
When 1480 fails to hold, then a big fall is expected to 1450
if 1480 worked, then 1511 may be the major resistance to be seen
a risky, but worthy trade for me having jumped in is to open a long position around 1480, sl set to 1476, 1st tp set to 1500
When 1480 fails to hold, then a big fall is expected to 1450
if 1480 worked, then 1511 may be the major resistance to be seen
a risky, but worthy trade for me having jumped in is to open a long position around 1480, sl set to 1476, 1st tp set to 1500
Note
Got stopped out
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