XAUUSD Gold is forming a contra buy scenario with good RnR. It has also developed an entry model.. The only thing, price should show rejection @4167.260. Please do follow if you liked the idea...
P.S. - This is just for educational purpose. not investment/trading advice......
XAUUSD Good to see you, nanba. Today was a strong and profitable session. As planned in our morning intraday setup, we successfully achieved nearly 85% of our target. The remaining position is currently being managed with a trailing stop-loss.
XAUUSD Good day!! Gold slipped back below 4200 and is now hovering under 4180. Once we get a proper follow-up with momentum and the daily candle flips red the bullish breakout will get invalidated ,and will confirm a reversal trapping all the buyers who chased above the 4200 zone. A clean confirmation today opens the door for a deep flush toward 4130 for day trades , and possibly more downside in the coming weeks. Trade safe.
Watch zone - Updated after Asian : 4190 Upside 4130 downside .
Yesterday, the market showed wild moves on both the upside and downside. Today, if the market closes below the opening price (4185.90) on the 30-minute candle, we can expect some downside.
XAUUSD Gold is forming a contra buy scenario with good RnR. It has also developed an entry model.. The only thing, price should show rejection @4167.260. Please do follow if you liked the idea...
