[4 May] Gold Intraday Trade Opportunity
Updated
My analysis is based on the 5 min chart. Tradingview did not allow publishing of 5 min chart.
Will be looking for buy opportunity near the 38.2% fib level (support level). Eyeing a move to 161.8% fib level. Please close this trade by the end of today. This trade allows for a good RRR. I will be updating the progress of this trade on this post.
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Will be looking for buy opportunity near the 38.2% fib level (support level). Eyeing a move to 161.8% fib level. Please close this trade by the end of today. This trade allows for a good RRR. I will be updating the progress of this trade on this post.
Do drop a LIKE to support my content. Also, if you enjoy my daily updates on gold ( XAUUSD ), do drop me a FOLLOW on Tradingview. Greatly appreciated :)
Note
Sizing up another buy trade on this level. Failed to see a breakout and now price testing back support level. Larger buy entry for me to 1869. If breakout, we will be going towards 1875 level.
Note
Note my size up is (x2) of my first entry. Will keep the TP at 1875 range but do look out for any reversal pattern near 1869-1870.Trade closed manually
I will be closing my trades now. 1869 resistance level seems to be holding strong. First trade will be closed at breakeven and second trade profit 35pips. If you size up the second trade it will be 70 pips profit for today.
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