XAU/USD Monday Price Action Analysis

I have used pure price action by taking into consideration Support & Resistance levels and by observing the candlestick patterns

The analysis have be made on a 2H chart to get a larger picture of where the price is moving .

It seems to be a profitable trade if you open a long position on XAU/USD and take profit near the Key Resistance 1 .

If the price breakouts the K.R1 , next takeprofit area is near K.R 2 .

If the price bounces the K.R1 , exit the trade and realise your profits.


Thankyou and Good Luck my Friends ! :)