NeptenFX

XAU/USD 25.08.2023 long

Long
NeptenFX Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

Hello traders,

I am currently focused on actively seeking buy positions for XAU/USD (gold) during the New York session. I have placed a Buy limit order at 1912 as an entry point. My trading plan involves aiming for a potential move from the 1912 area up to around 1923.

Remember that trading involves risks, and it's essential to keep a close watch on market conditions and news events that might impact your trades. Utilize proper risk management techniques to ensure successful and well-informed trading decisions. Best of luck with your buy positions!
Comment:
we are now slowly getting to our entry point
Trade active:
I've entered a position now because I already see a lot of bullish momentum. So, if we can't reach 1912, I'll still hold my long position. However, if we manage to drop down to 1912, I'll set up another order.
Comment:
The trade is going really well. I think we might experience a minor rejection around 1918
Comment:
If the 4-hour candle closes above 1917.30, I believe we will likely reach 1920. However, if the candle closes below, I don't see bullish momentum at the moment
Comment:
I chanched my mind and opened another buy position
Comment:
just let it run if we can't break 1917.20 I would close manually otherwise stay in
Comment:
1918 hard level we need to see a clear break above
Trade closed manually:
Closed because pw speaks in 30minuits overall made 50pips.

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