Looking back:
I mentioned about XAUUSD in my post few weeks ago and the latest one last week about the accumulation. And we experienced a strong move of Gold last week as a reward for patience of holding my long orders have been filled in zone 1190-1200
Weekly Chart:
Bullish candle with rejection of low price and high price and broke the mid-term down trend line since April 2018.
Daily Chart:
Friday closed with a bearish candle
Watch out:
1. There might be a retest @ zone 1203-1210
2. Next resistance @ 1246
3. Next resistance @ 1263
Action:
1. Trail or move SL to protect profit
2. Wait to join the Bulls @ retest zone
I mentioned about XAUUSD in my post few weeks ago and the latest one last week about the accumulation. And we experienced a strong move of Gold last week as a reward for patience of holding my long orders have been filled in zone 1190-1200
Weekly Chart:
Bullish candle with rejection of low price and high price and broke the mid-term down trend line since April 2018.
Daily Chart:
Friday closed with a bearish candle
Watch out:
1. There might be a retest @ zone 1203-1210
2. Next resistance @ 1246
3. Next resistance @ 1263
Action:
1. Trail or move SL to protect profit
2. Wait to join the Bulls @ retest zone
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