rehansherwani

XAUUSD Strategy 15-Aug-2022 @ 1 HR Bias: Bullish

Long
rehansherwani Updated   
SAXO:XAUUSD   Gold Spot / U.S. Dollar
Bulls:
1. HH and HL
2. Three White Soldiers
3. Strong Resistance Between 1791-1796 Broken
4. Trend Line intact

Bears:
1. @4Hr each bullish Rally finishes at approx. same period

Bias: Bullish

Plan A:
Wait for further confirmation on the break after the market opens
Buy @ 1804
SL: 1782
TP 01: 1815
TP 02: 1826

Plan B:
Sell at 7180
SL: 1802
TP 01: 1771
TP 02: 1760
Trade active:
Plan B with bearish in action, I was more biased towards bullish, but due to strategy still protable.

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.