XAUUSD looks good for a 10% Move to 1700+
Pretty straightforward with the Monthly Fibs.
We've got an Untested monthly level which also corresponds with .236 fib
This is going to be a monthly trade so could take 2 entry's
1. First touch retest of 1580 down to 1550 would be a safe play with a stop just below 1540 (First entry is already triggered following today's Price Action)
2. If 1540 doesn't hold the next entry would be the 0.5 fib at 1477 or so.
Profit Targets are
1. 1710 : 50 %
2. 1780 : 50 %
We've got an Untested monthly level which also corresponds with .236 fib
This is going to be a monthly trade so could take 2 entry's
1. First touch retest of 1580 down to 1550 would be a safe play with a stop just below 1540 (First entry is already triggered following today's Price Action)
2. If 1540 doesn't hold the next entry would be the 0.5 fib at 1477 or so.
Profit Targets are
1. 1710 : 50 %
2. 1780 : 50 %
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