OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking to buy on the top of the previous resistance level of 1273.289 which has now become support.
Expecting a Bullish rally up to Daily resistance level around 1305.
Could experience some resistance around the weekly level of 1287.643, so will be moving SL to Break Even once this level has been reached.
Trade active: Perfect Entry Point. Moved SL to Break Even.
We will be looking to actively manage this trade up to the TP Target area.
Trade active: Hit weekly support and retraced slightly.
Moved SL up to 1280.00 to lock in around 600 PIPs
We still expect up side movement to our TP area of 1300.
Trade active: Currently in profit 1573 Pips. SL moved into Profit at 1283.464 locking in 974 Pips.
Trade closed: stop reached: SL hit.
Locked in 97.4 Pips.
Going to let this settle down before re-entering, currently on a support level so could bounce and make a higher higher, but USD has started this week Bullish so will stay out and look for a better entry point.
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