XAU/USD approaching key resistance
Precious metal has made an aggressive move up today. However, we believe that there is not enough momentum to break through the strong resistance that is tested multiple times already.
To enter trade we need more signs of price bouncing of the resistance and we believe that is going to happen but we just don't trade Forex on what we feel. We have a trading plan and a strategy when and how we are entering every trade. Now we are going to wait and monitor price on different timeframes and wait what will chart bring for us.
If you think like us than make sure you are following this idea so you don't miss out the exact time when to enter this trade. We are going to update this idea with clear signal when we are entering a trade.
To enter trade we need more signs of price bouncing of the resistance and we believe that is going to happen but we just don't trade Forex on what we feel. We have a trading plan and a strategy when and how we are entering every trade. Now we are going to wait and monitor price on different timeframes and wait what will chart bring for us.
If you think like us than make sure you are following this idea so you don't miss out the exact time when to enter this trade. We are going to update this idea with clear signal when we are entering a trade.
Trade active:
#XAUUSD
SELL @ 1733
TP1 - 1715
TP2 - 1700
SL - 1740
#forex #forexsignals
SELL @ 1733
TP1 - 1715
TP2 - 1700
SL - 1740
#forex #forexsignals
Trade closed: stop reached
