XAUUSD Bullish Idea after breaking the last hight
Entry Strategy:
Consider entering a long position on XAUUSD at the current market price or on a pullback to a key support level.
Set a stop-loss order below the recent swing low to manage risk effectively.
Take Profit:
Target potential resistance levels or use a trailing stop to capture profits as the uptrend progresses.
Risk Management:
Adjust position size to align with your risk tolerance and account balance.
Monitor price action closely and consider exiting the trade if the bullish thesis is invalidated.
Overall, with the breakout above the recent high, bullish technical momentum, safe-haven appeal, and USD weakness, I anticipate further upside potential for XAUUSD. However, as always, remain vigilant and adaptable to changing market conditions. Happy trading!"
Consider entering a long position on XAUUSD at the current market price or on a pullback to a key support level.
Set a stop-loss order below the recent swing low to manage risk effectively.
Take Profit:
Target potential resistance levels or use a trailing stop to capture profits as the uptrend progresses.
Risk Management:
Adjust position size to align with your risk tolerance and account balance.
Monitor price action closely and consider exiting the trade if the bullish thesis is invalidated.
Overall, with the breakout above the recent high, bullish technical momentum, safe-haven appeal, and USD weakness, I anticipate further upside potential for XAUUSD. However, as always, remain vigilant and adaptable to changing market conditions. Happy trading!"
Trade active:
XAUUSD 📈 BUY 2125.00
💰TP1 2127.00
💰TP2 2130.00
💰TP3 2135.00
🚫SL 2116.50
💰TP1 2127.00
💰TP2 2130.00
💰TP3 2135.00
🚫SL 2116.50
Trade closed: target reached