Gold (XAUUSD) trade setup (Follow this post for entry & exit)

Gold (XAUUSD) trade setup (Follow this post for entry & exit)

Will be updating the post based on how gold behaves at the channel top OR at the trend line support

Keep watching this space for the entry, targets and SL

Comment:

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Gold nearing channel top.
Lets get ready for a trade.

Comment:

Short XAUUSD between 1330-1331

T1: 1325
T2: 1322

SL: 1334.75

Comment:

Short trade active after gold made a high of 1331.034

Trade active:

Short trade active after gold made a high of 1331.034

Trade active:

With blessing of Lord Shiva so far made a low of 1328.7 from our short position entry at 1331

Trade active:

Made a low of 1325.395 and missed T1: 1325 by a close distance

Trade closed: target reached:

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T1: 1325 achieved!
$6 profit! Om Namah Shivaya!
🙏🔱

Trade active:

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Missed T2: 1322 by a very close margin!
Made a low of 1323.011 so far

Trade active:

Maintain save profit at 1330

Comment:

After booking small profit in the short trade, the save profit was executed and channel top was also broken.

Wanted to post the entry for the long trade after the channel top re-test after breakout today. Missed it. We will wait for the next trade opportunity in Gold