Daily and 4H analysis on XAUUSD suggests bulls are still in control of the market. Once price breaks and retests the 1512 zone, we may see price continue up to our daily resistance zone 1549. Potential 350+ pip trade with a R/R of 3.
Comment:
Gold may continue climbing however we will proceed to wait for the pullback before entering a LONG position.
Trade active:
Moving SL to 1504 as a smaller bullish trendline has been created and we aren't expecting price to break it when the market opens.
Trade active:
Trade now 150+ pips in profit.Move STOP LOSS into profit.
Trade closed: target reached:
350+ plus TP hit. Happy New Year :)
