Continuation levels for buy positions

23 paź 2023

XAUUSD is currently experiencing an upward momentum, and indications suggest it may persist until it reaches the $2006 zone, which aligns with the marked supply level on the daily chart. There are two noteworthy demand levels situated below, pertinent for continuation trading. The initial one is discernible on the 15-minute chart, roughly around $1958. The stop loss will be placed slightly below this demand. In the event that the stop loss is activated, one could consider re-establishing a buy position at the daily chart's demand, approximately at $1932. In both scenarios, the target remains the supply level at the pinnacle of the daily chart.

30 paź 2023

Uwaga

The buy position was closed at the supply above, open a new sell position at this supply and already roll stop loss to breakeven

3 lis 2023

Uwaga

Roll stop loss to 1995.50