XAUUSD after a massive sell-off, gold has fallen to a range bound market in the beginning of September.
This provides us with a great scalp opportunity while waiting for the market to breakout to the upside, or continue its descend.
For those looking to buy gold, you can buy it now for 30-50 pips profit and stop loss of 20 pips.
Entry: 1199.
SL: 1197
TP: 1203-1204.
For those looking to short gold, you can sell it at:
Entry: 1204 (61.8% retracement from previous high)
SL: 1208
TP: 1193.
Alternatively, for those looking for a greater RR, wait for a breakout of the channel and enter after a correction.
This provides us with a great scalp opportunity while waiting for the market to breakout to the upside, or continue its descend.
For those looking to buy gold, you can buy it now for 30-50 pips profit and stop loss of 20 pips.
Entry: 1199.
SL: 1197
TP: 1203-1204.
For those looking to short gold, you can sell it at:
Entry: 1204 (61.8% retracement from previous high)
SL: 1208
TP: 1193.
Alternatively, for those looking for a greater RR, wait for a breakout of the channel and enter after a correction.
