Hi fellow traders, As you can see here we have a breakout here in daily chart of XAU/USD.
Parabolic SAR also shows a downtrend which can be useful in out analysis. If the gold candle close below the 1920.8(the yellow line) I would go for a short position.
Entry: close below 1920.8
TP-1, TP-2: the two blue lines(powerful supports)
SL: maybe about ~1945
DON'T enter the trade before the close.
what's your opinion? please like and comment!
Parabolic SAR also shows a downtrend which can be useful in out analysis. If the gold candle close below the 1920.8(the yellow line) I would go for a short position.
Entry: close below 1920.8
TP-1, TP-2: the two blue lines(powerful supports)
SL: maybe about ~1945
DON'T enter the trade before the close.
what's your opinion? please like and comment!
Trade active:
as we opened our trade in 1915 I still expect the 1902 level