XAUUSD - Gold on a bullish spree till 1910.00
After breaking a channel resistance last week gold retest it around 1848.00 area and started its bullish run again towards possible final target of 1909 -1910 area. Since overall rend of gold is bullish we have identified 3 possible trade setups.
Trade #1.
Buy XAUUSD now around 1854.00 area , Take Profit: 1890, Stop Loss: 1842.00 ---- 360 pips opportunity
Trade #2
Sell XAUUSD around 1892.00 area only if there is any rejection candle or any bearish pinbar set up in H1. Take Profit: 1876.00, Stop Loss: 1900.00 ---
160 pips opportunity
Trade #3
XAUUSD is expected to retrace back to 1875.00 after testing 1892.00 area.
Buy XAUUSD again around 1875.00 only if there is a bearish rejection candle on H1 or any bullish candlestick pattern around that area.
Take Profit: 1910.00 , Stop Loss: 1860.00 ---- 350 pips opportunity
Happy Pipping
Taha
Trade #1.
Buy XAUUSD now around 1854.00 area , Take Profit: 1890, Stop Loss: 1842.00 ---- 360 pips opportunity
Trade #2
Sell XAUUSD around 1892.00 area only if there is any rejection candle or any bearish pinbar set up in H1. Take Profit: 1876.00, Stop Loss: 1900.00 ---
160 pips opportunity
Trade #3
XAUUSD is expected to retrace back to 1875.00 after testing 1892.00 area.
Buy XAUUSD again around 1875.00 only if there is a bearish rejection candle on H1 or any bullish candlestick pattern around that area.
Take Profit: 1910.00 , Stop Loss: 1860.00 ---- 350 pips opportunity
Happy Pipping
Taha