Am looking forward for a 100+ retracement on Gold before the drop from 1760 down to 1725, if the price continues to trade below 1767 the sell setup will still be valid, but if price breaks above 1767 expect further move to the upside.
like and stay tuned to this feed for regular updates on xauusd
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like and stay tuned to this feed for regular updates on xauusd
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Comment:
I will be going long once price breaks above 1753
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if price dont break above 1753.50 the buy setup wont be valid. wait for break out before you enter.
else will be going short once price wipes out the current lows @1747
else will be going short once price wipes out the current lows @1747
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Comment:
going short
entry 1748
sl 1753
entry 1748
sl 1753
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+35pips in profit move stoploss to entry and hold
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+50pips in profit. take partial profits
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drooping an update what to expect during London session
below
below
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price might pull back up to continue dropping by London session.
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price finding minor resistance at 1747
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price can continue to drop to 1740 before pulling back up...
be patient for price to come to you dont chase price
be patient for price to come to you dont chase price
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Comment:
take profit on second entry.