ScottMescudiForex

XAUUSD : POWER TRIP!

Long
ScottMescudiForex Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Hi traders,

Here we have a nice MM move with that daily wick after NFP happened. I always try to keep a close eye on this type of movement as it changes trends. This makes this entry a very nice RR trade.

  • MACD divergence
  • MM daily wick
  • Heavy support at current price level

Here's what I think :

XAUUSD LONG:
ENTRY : 1273.87
SL : 1259.93
TP : 1315.70

Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade active:
Another one! 100 pips up! Moving again SL into profit. No reason to risk capital!
Comment:
We went over 200 pips but retraced back.. now hovering around 180-190 pips in profit.
Comment:
Still holding above that 200 pips profit. I like the way the price is holding above 1290. It needs now to break 1300 or else.... down it will go.

SL in profit of course.
Trade closed: stop reached:
Closed manually around 242 pips in profit!
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