Hello!
Welcome to another analysis of XAUUSD.
Price did not close below 1725 showing decline in selling pressure and strength of the bulls, signalling me to go long.
Market-BUY: 1728.20
Stop-Loss: 1721.20
Target: 1760
Stop-Loss: 47 pips
Risk: 1%
Risk-Reward: 6.70
What do you think?
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Welcome to another analysis of XAUUSD.
Price did not close below 1725 showing decline in selling pressure and strength of the bulls, signalling me to go long.
Market-BUY: 1728.20
Stop-Loss: 1721.20
Target: 1760
Stop-Loss: 47 pips
Risk: 1%
Risk-Reward: 6.70
What do you think?
Thank you for checking my idea out. Do not forget to Like, Comment and Follow for more ideas.
Trade closed: target reached:
Resistance has proved strong. Exiting at that target.