XAUUSD
Hello traders,
For this week, my expectations are as follows: I anticipate some initial bearish momentum, potentially leading to a price range between 1912 and 1905. During this phase, I might consider trading retest sell positions.
Following this, I'm looking for a significant bullish move to the upside, with the potential to reach around 1928. My entry points for long trades would be either at the trendline with support around 1905 or at the 68% Fibonacci level with minor support. My take profit target would be set around 1928.
As always, it's crucial to analyze the Dollar chart before entering trades and stay alert for any relevant news events that might impact the market. Tailor your trading strategy to incorporate both technical and fundamental factors for a well-rounded approach.
Comment:
20pips in profit at the moment. Let's see what NewYork gives us!
Comment:
40pips now sl at breakeven. I think we will not reach 1917 today so I will close the trade manually later
Comment:
take profit at 1921.50 sl breakeven
Comment:
I have taken another positions now with less lot size I think I'm going out at around 1921-1921.
Trade closed manually