Last XAUUSD analysis we were at a pivotable point and recommendation was to wait to see how price reacted to this daily down trend line. Price broke up and closed above down trend line.
Expect price to pull back to test the backside of this trend line before a move up.
This backside is a strong buy entry but always remember risk management and a short stop loss considering USA is still in their election season = uncertainty.
Entry @ 1907.00 area
TP @ 1944 - 1967
SL @ 1892.00
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Expect price to pull back to test the backside of this trend line before a move up.
This backside is a strong buy entry but always remember risk management and a short stop loss considering USA is still in their election season = uncertainty.
Entry @ 1907.00 area
TP @ 1944 - 1967
SL @ 1892.00
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
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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.