XAUUSD Testing the Upper Band of Symmetrical Triangle | 8 May 20

XAUUSD is approaching the upper band of the symmetrial triangle, and it is the 76.4% fibonacci retracement level. The level also happens to be where the swing high is. Harmonics also indicate that it is a good level to sell high.

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Trade active

we are in the trade, price reversed off our sell entry well

Trade closed manually

Price dropped nicely from our entry, we decided to realize profits manually as price might continue to consolidate.

Note

XAUUSD Trendline pullback, potential bounce | 11 May 2020

we closed the trade, and here's the updated trade strategy.

Trade closed: target reached

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