XAU USD (GOLD)
Xau usd broke resistance after making several attempts. Right now it seems like it will retest the resistance and flip it into support. Overall weekly and daily chart is also looking bullish. Furthermore it must sustain this level to gain more strength to go upside. There can be a sharp wick to the downside to eliminate retail long positions or SL hunt. Hence SL is below swing low to be on the safe side. Every setup is a probability and we as traders work on probabilities. Therefore managing risk will be a good approach before taking any trade. trade safe and HAPPY NEW YEAR
Trade active
50% out. SL at breakeven
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