My opinion about the XAU/USD on 04/08
Hi friends, here my daily analytics for XAU/USD .
- The price was caught between this trend line and this strong resistance.
- He broke the trend line so I think that we should long.
Entry price 1651
Stop loss 1645
Take profit 1685
Please give me advices to progress, i'm a young engineering student who loves economy.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
- The price was caught between this trend line and this strong resistance.
- He broke the trend line so I think that we should long.
Entry price 1651
Stop loss 1645
Take profit 1685
Please give me advices to progress, i'm a young engineering student who loves economy.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
Comment:
Move your stop los to 1642, the price have many chances to bounce on the cross between the support line and the trend one
Trade active:
Close half of you position at 1661 and let the rest flow !
Trade closed: target reached:
Another Take profit reached !!!For those who didn't closed at 1685, you can put the stop loss at 1678 and let the profit flow until you're proud of it !