XAUUSD broken Up - Bull Power
Last XAUUSD analysis we were at a pivotable point and recommendation was to wait to see how price reacted to this daily down trend line . Price broke up and closed above down trend line .
Expect price to pull back to test the backside of this trend line before a move up.
This backside is a strong buy entry but always remember risk management and a short stop loss considering USA is still in their election season = uncertainty.
Entry 1907.00 area
TP 1944 - 1967
SL 1892.00
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-