XAUUSD (GOLD) TRADE UPDATE FOR YESTERDAY'S POSITION
TP HIT!!
Trade update on the signal that
was given yesterday on Gold.
Prior to placing this trade, DXY
was rejected to the upside and
making a pullback.
all the major pairs including the pound
that I also took yesterday were rallying.
I have screened Gold thoroughly on the
higher tf starting from weekly down to
the hourly for any possible setups.
On the weekly, Gold has retested its major support level
at 1730. I knew that Gold was going to bounce into this
level, we took advantage of that and we also took
a long position on Tuesday (New York Session Time)
On the H4, we have seen a strong confluence on the RSI
followed by a bullish price action that's also confirmed
down to the hourly.
FOR REFERENCE: PLEASE CHECK MY PREVIOUS TRADE ON THE LINK TO RELATED IDEAS DOWN BELOW
PATIENCE IS KEY
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
Trade update on the signal that
was given yesterday on Gold.
Prior to placing this trade, DXY
was rejected to the upside and
making a pullback.
all the major pairs including the pound
that I also took yesterday were rallying.
I have screened Gold thoroughly on the
higher tf starting from weekly down to
the hourly for any possible setups.
On the weekly, Gold has retested its major support level
at 1730. I knew that Gold was going to bounce into this
level, we took advantage of that and we also took
a long position on Tuesday (New York Session Time)
On the H4, we have seen a strong confluence on the RSI
followed by a bullish price action that's also confirmed
down to the hourly.
FOR REFERENCE: PLEASE CHECK MY PREVIOUS TRADE ON THE LINK TO RELATED IDEAS DOWN BELOW
PATIENCE IS KEY
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
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