ScottMescudiForex

XAUUSD: BURIED ALIVE!

Short
ScottMescudiForex Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Hi traders!

I posted the chart yesterday but didn't fully post my analysis here. As I mentionned, gold broke his uptrend channel again. DXY making still pushing upwards.

I leave my chart to do the rest of the talking.

We are already in this trade like, here's what I suggested :

XAUUSD SHORT:
ENTRY : 1301
SL : 1308
TP : 1274

Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Comment:
Almost 200 pips in profit!!

SL moved into profit.
Comment:
!!

Price is close to my SL in profit. Still in this.
Comment:
Dropped again!

It's a bad look for bulls as this movement is now starting on a Friday.
Comment:
OH YES!

TP HIT! 261 pips in our pockets!!! What a great way to start the week :)
Comment:
Ultimate target is now 1250 as I told my followers. Let's see if we can go get this!! Also, we already going for that 300 pips this morning.
Trade closed: target reached:
Trailing TP was 1277.

Banked 223 pips!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.