In week chart gold made hammer candle stick on the 3rd week of April and then another hammer hammer in last week of April. These two candle sticks might tell that bull is still alive in gold.
I have opened a long postion of XAUUSD at 1298.00 and set the SL at 1267.00 which is around the lowest price of the 1st hammer candle stick. My first target point is 1350.00 which I will do only bring up my SL from 1267.00 to breakeven. My goal is to close the position when Gold reach 1400.00 level. My additional SL is when the candle stick make another reversal sign.
I have opened a long postion of XAUUSD at 1298.00 and set the SL at 1267.00 which is around the lowest price of the 1st hammer candle stick. My first target point is 1350.00 which I will do only bring up my SL from 1267.00 to breakeven. My goal is to close the position when Gold reach 1400.00 level. My additional SL is when the candle stick make another reversal sign.