Nice idea on XAUUSD and there may be potential gains as you have identified by going long. Based on our set up, Ichimoku cloud is showing signs of bullish pressure and RSI is seeing a bullish exit where we might see a corresponding rise in price. Currently price is approaching our main resistance at 1238.093, which is below the upper limit of your take profit zone. It is a horizontal pullback resistance with a 38.2% Fibonacci retracement. Excited to seeing how things develop.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.