Hey guys here is another trade update.
We are looking at XAUUSD from previous idea, but on a lower time frame and right before FOMC statement. So be careful out there anyway. In the comment section on the last Gold idea i said that we closed our profit with +180 pips, but there is much more potential on the long side - BUT not now. I think Gold might retouch last lows on the daily and here is the short term outlook on the 1h chart. You can see a bearish cycle between larger structure consolidation. Our entry was pretty much at the bottom of this. To risky to let it run there again. So lets be patient and wait for another move down and then enter our long again.
We are looking at XAUUSD from previous idea, but on a lower time frame and right before FOMC statement. So be careful out there anyway. In the comment section on the last Gold idea i said that we closed our profit with +180 pips, but there is much more potential on the long side - BUT not now. I think Gold might retouch last lows on the daily and here is the short term outlook on the 1h chart. You can see a bearish cycle between larger structure consolidation. Our entry was pretty much at the bottom of this. To risky to let it run there again. So lets be patient and wait for another move down and then enter our long again.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.