XAU/USD (OVERVIEW)
XAU-USD.
We had mentioned previously about our possible -SELL- scenario. We were actually in a consolidation zone and we took more of a -conservative- trade and waited for a re-test of the zone. We had a 61.80% rejection when price -closed- below our consolidation zone once again we had a easy -SELL- signal. With our T/P being our Monthly Support which aligned perfectly with our -27.20% Fibonnaci level. We could have rode it all the way down to the -61.80% but the T/P we had set was amazing.
Regarding the gold -BUY- has worked amazing and we have just recently closed it. We didn't really have any re-entry opportunities but it was a simple -BUY- we saw that price had closed -ABOVE- our Trend-Line and we had our T/P set around our Weekly Resistance area which has been hit. With another entry once we saw our Daily candle as well close above for a quick +35 PIPS extra.
We had mentioned previously about our possible -SELL- scenario. We were actually in a consolidation zone and we took more of a -conservative- trade and waited for a re-test of the zone. We had a 61.80% rejection when price -closed- below our consolidation zone once again we had a easy -SELL- signal. With our T/P being our Monthly Support which aligned perfectly with our -27.20% Fibonnaci level. We could have rode it all the way down to the -61.80% but the T/P we had set was amazing.
Regarding the gold -BUY- has worked amazing and we have just recently closed it. We didn't really have any re-entry opportunities but it was a simple -BUY- we saw that price had closed -ABOVE- our Trend-Line and we had our T/P set around our Weekly Resistance area which has been hit. With another entry once we saw our Daily candle as well close above for a quick +35 PIPS extra.
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