MohammodAli

XAUUSD - Double bottom allowing for a HUGE buy, +5557pips

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Sorry for the late publication guys I'm new to the whole publishing thing.

- Huge upwards movement on XAUUSD upon rejecting a double bottom level, (somewhat of a 'triple bottom' almost)

Lots of key levels of support and resistance , looking for price action to break through each level, if not then may be thinking about closing for partial profits.

TP 1: 1900 for a potential of +4079.3 (Had you entered when I did)
TP 2: 1916.463 for a potential +5557 overall (Had you entered when I did)

SL's gradually moving up and in accordance to YOUR risk management plan (p.s If you don't have one, you should NOT be trading Gold especially)

Just got to be patient and wait for the overall upwards push hopefully.

I will post on time with my trades from now on guys, sorry again!!



Comments

Thank you
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what time frame is this trade for?
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@mel45D, That's on the 1hr time frame if that's what you're referring to, trend is clear on the 2 and 4 hour TFs also :)
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