XAUUSD(Gold) Massive Bull Run On Hand! Found Out Why...
Updated
Gold has been seeing some very clean moves to the upside over the last few days, consistently making LH and HH. As of today, gold has broken a major area of resistance @1860.400 area that I have identified on the Daily timeframe, this level is a very well respected area. The fact that the level has been broken shows huge potential for a further move to the upside and create new highs @1892.530. There may be a retest of the zone, but as long as gold continues to trade above 1863.00 then I am happy to take buys.
Feel free to like this post if you agree with my idea!
If you decide to take this trade because you agree with the analysis, please be aware of the amount of risk gold is exposed to at this time with Joe Biden speaking, this will cause huge volatility in the market generally causing unpredictable moves.
Feel free to like this post if you agree with my idea!
If you decide to take this trade because you agree with the analysis, please be aware of the amount of risk gold is exposed to at this time with Joe Biden speaking, this will cause huge volatility in the market generally causing unpredictable moves.
Trade closed manually
Closed at break even, there was low volume in the market which made price stagnate a little. With price came back to my entry level, I don't want to risk anymore from here.
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