XAUUSD Potentially Bullish

23 ม.ค.

XAUUSD has remained bullish on the H4 time frame. I would however love to see price coming to retest a key zone around the 2,720 area which was a key resistance area initially. Price has clearly and significantly broken through the resistance and is attempting to find that level as a support. If the zone holds as a new found support, going long will be the next move and I would target the 2,786 area which only falls slightly below the all time high.

On the other hand, if the 2,720 area does not hold as a new found support but price breaks through it and does a retest of same area and then it holds as a new found resistance, we just might see price dropping to the 2695 and may drop even further if the bears remain dominant

Until either scenarios play out, fingers crossed. #XAUUSD about to make another significant move

Do your due diligence, past results does not guarantee future results

26 ม.ค.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Although price did not come back to the 2,720 for the retest, Price came to the profit target of 2,786 and is currently attempting to push lower. I will watch this closely and hopefully, we'd find another entry. Until then, fingers crossed