XAUUSD possible re-entry to 1800 // 300 pips up [REPOST]
For people who missed out on a long position for XAUUSD , we can see a possible retracement to its consolidation resistance area , which now act as support.
Do not place a buy now, wait for retracements to 1766 / 1762 and place a buy position. With stops below the previous low, and aim it up to 1800.
However, because of XAUUSD volatility , our SL is slightly further, please manage your risks properly, and once it hits 1:1, look into breaking even trades :) Cheers!
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
Do not place a buy now, wait for retracements to 1766 / 1762 and place a buy position. With stops below the previous low, and aim it up to 1800.
However, because of XAUUSD volatility , our SL is slightly further, please manage your risks properly, and once it hits 1:1, look into breaking even trades :) Cheers!
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
Just nice it hits that area and shot up. Sniper entry? or Luck?