Check out the trade plan for XAUUSD today based on the technical analysis . Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
XAUUSD has formed a descending channel . We can spot a clear bullish breakout formed on the channel where it now holds the 4th impulse back towards the key level formed. After the pullback, we can expect a further rise in gold prices towards the pinned targets in the 1hour timeframe.
XAUUSD has formed a descending channel . We can spot a clear bullish breakout formed on the channel where it now holds the 4th impulse back towards the key level formed. After the pullback, we can expect a further rise in gold prices towards the pinned targets in the 1hour timeframe.
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TP 1 = HIT 70+ PIPS
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TP 2 HIT 120 + PIPS PROFIT
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TP 3 HIT
TP 2 = 1675
TP 3= 1680
SL= 1657