OANDA:XAUUSD   Gold Spot / U.S. Dollar
So we secured profit on that last trade perfectly. Notice how price has flipped the resistance at 1970 into support.

There is a pool of resting liquidity above the new range which I believe the large entities in the market will be interested in.

Goldman Sachs have made it pretty clear they are targeting 2k.

Adjust the stop loss according to your risk sentiment but setting higher than what I have suggested is unadvisable as you will no longer have technical protection.
Trade closed: target reached: Take half your profit and move SL to break even.

Comments

Could it break 1974 for this session and close at 1990 tonight? As I see there is war around 1971~1974
+2 Reply
JamesJimDevall fatahmasebi
@fatahmasebi very good question, anything is possible. If you observe the pattern it's currently in a triangle formation and I'm hoping it will breakout before markets close for the weekend.

Don't worry though price might pullback and that will just be another opportunity to get a better entry. Can you see where price has wicked below my entry, I will be buying into them if I get another opportunity to do so.
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JamesJimDevall fatahmasebi
@fatahmasebi I think it's breaking upwards now, let's hope it's not a fakeout.
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Thanks!
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