XAUUSD (GOLD 4H) - Bounce area, buy the pullback
Hi everyone,
What a nice run for Gold. Now, I think it could be rejected at 1300, which is a significant level. This first (or last) rejection could find support at 1290, then try to break the resistance above.
With a small portion, I will be shorting from 1300 to 1290, but this is not the main trade.
Buy entry: 1290.500 (can opt for any within 1290.XXX)
TP: 1309.479
SL: 1284.300
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
What a nice run for Gold. Now, I think it could be rejected at 1300, which is a significant level. This first (or last) rejection could find support at 1290, then try to break the resistance above.
With a small portion, I will be shorting from 1300 to 1290, but this is not the main trade.
Buy entry: 1290.500 (can opt for any within 1290.XXX)
TP: 1309.479
SL: 1284.300
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade closed manually:
Trade not even triggered, obviously. The price destroyed any kind of resistance, therefore have to re evaluate.