XAUUSD: Gold uptrend?
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We have an interesting technical setup in gold, might start moving today with the US GDP news.
Anything under 1143.26 is a buy, as long as above 1129.87.
Aim for a retest of the high at 1156.65 initially, then for target #2 we can look to take some profits at 1170-1176,
and for target #3 we get a lower probability move to 1220.38.
You can split the entry in 3 orders like I did, will be better for managing the position.
You can use either 1122 or 1129.87 for an SL (or both for different portions of the trade).
I'll give you live updates and trade management cues via my zulutrade page, as usual. Check out my profile for the link.
Good luck,
Ivan.
Anything under 1143.26 is a buy, as long as above 1129.87.
Aim for a retest of the high at 1156.65 initially, then for target #2 we can look to take some profits at 1170-1176,
and for target #3 we get a lower probability move to 1220.38.
You can split the entry in 3 orders like I did, will be better for managing the position.
You can use either 1122 or 1129.87 for an SL (or both for different portions of the trade).
I'll give you live updates and trade management cues via my zulutrade page, as usual. Check out my profile for the link.
Good luck,
Ivan.
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