Gold broke the resistance level which is defined as the price level at which selling pressure is strong enough to prevent the price from rising further. When the price of gold reaches a resistance level, it may struggle to break through and could potentially experience a pullback or reversal. atm Gold has reached new Highs which refer to the highest price that an asset has reached in a given period, often indicating a bullish market.
We have new Highs
broke resistance = 1897 to 1903 could potentially be the new res zone
We might have a pullback to 1877 but it might be a stretch.
on the Economic calender the results were mostly positive on the USD which might push the DXY upwards later on today and a good DXY means a down XAUUSD
We have new Highs
broke resistance = 1897 to 1903 could potentially be the new res zone
We might have a pullback to 1877 but it might be a stretch.
on the Economic calender the results were mostly positive on the USD which might push the DXY upwards later on today and a good DXY means a down XAUUSD
Trade active:
Lets go.... will be closing some soon
Trade active:
came back to entry after 150 pips drop you can change SL with 50 pips more or close on entry wait for another confirmation
Trade closed: stop reached:
Managed to adjust my SL and did some scalping, go and check the new idea. Don't forget to make adjustments as the market moves