XAUUSD LONG

Jun 4, 2023

I am Longing gold from this area. I am doing this as it gone past the 4 hour major resistance level and now comes the daily resistance level which is where I have placed my entry. fairly tight SL but plenty of reward. Previous history shows that wicks don't really come past this point but sometimes they have done so will have to make sure I keep an eye out. I would ideally take profits at 1994.583 but with there being a strong resistance at 1981.893 I am more than happy with taking profits from there.

I will update later on in the week for bearish reversal short.