XAU currently breaking out of the channel
Confirmation would be a 4H close above the channel
SL at 3300
Wide SL can be 3275 if you prefer wide SL
Target at 3563
TP however at Fib circle 3538
Confirmation would be a 4H close above the channel
SL at 3300
Wide SL can be 3275 if you prefer wide SL
Target at 3563
TP however at Fib circle 3538
Trade active
XAU has retested the channelMy avg entry sits now at 3330
This retest can be seen as further confirmation
Stronger confirmation would be provided by another daily close above the channel
Trade closed: stop reached
My SL got hit yesterday.I have choosen the 3300 SL instead of the wide one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.