Last week Gold finished the weekly candle strongly above the resistance, this means that the resistance was broken.
Now we have to wait for a pullback to the broken resistance that has now become support, after the retest and the confirmation that it is reacting there, we can buy XAUUSD.
Stop loss 1914
Target 2050
Now we have to wait for a pullback to the broken resistance that has now become support, after the retest and the confirmation that it is reacting there, we can buy XAUUSD.
Stop loss 1914
Target 2050
Trade active:
+600 pips
Trade closed: target reached:
Enjoy your profit!