XAUUSD Testing the Upper Band of Symmetrical Triangle | 8 May 20

XAUUSD is approaching the upper band of the symmetrial triangle, and it is the 76.4% fibonacci retracement level. The level also happens to be where the swing high is. Harmonics also indicate that it is a good level to sell high.

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Trade active:

we are in the trade, price reversed off our sell entry well

Trade closed manually:

Price dropped nicely from our entry, we decided to realize profits manually as price might continue to consolidate.

Comment:

we closed the trade, and here's the updated trade strategy.

Trade closed: target reached