FXCM

XAUUSD might retest the trendline | 24 June 2020

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is making new high but it is still respecting the ascending trendline . XAUUSD might reverse and retest the trendline where we could have a buy chance.

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Until next time, see ya!
Trade active: price edging up nicely
Trade closed: target reached
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Comments

Thanks for sharing! It seems the TP was already touched a few hours ago followed by a sharp retrace to current 1766. Would your analysis still be valid (so that we should monitor entry opportunity around 1752)? Thanks again
Reply
FXCM GreenRoad
@GreenRoad, Hey TP hasn't been touched yet and we have already seen a pullback. Now still waiting for a deeper pullback...
+1 Reply
Good one here.
Reply
Great explanation and analysis. Have a nice day...
Reply
FXCM nrmt2010
@nrmt2010, nice day!
Reply
very nice 👏
Reply
FXCM imortezaw
@imortezaw, yup waiting for the entry to be triggered now
Reply
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