XAU Short Target met! Reversal?
Hello Traders,
Keeping this one short with a quick update on Gold. This entry looks great as the Short target has been met which means buying pressure is increasing.
This $1,690 Profit target level is also confluent with the 2nd Long entry in this setup, which should lead to even more buying pressure.
Another beautiful point of confluence is the Lower Boundary of the Correction Channel.
I'll have my previous analysis of this pair tagged for transparency, this is the 2nd entry of the Long.
That's all for now!
Happy Trading, always manage risk.
Quality in trading means the ability to react to ones personal psyche
Keeping this one short with a quick update on Gold. This entry looks great as the Short target has been met which means buying pressure is increasing.
This $1,690 Profit target level is also confluent with the 2nd Long entry in this setup, which should lead to even more buying pressure.
Another beautiful point of confluence is the Lower Boundary of the Correction Channel.
I'll have my previous analysis of this pair tagged for transparency, this is the 2nd entry of the Long.
That's all for now!
Happy Trading, always manage risk.
Quality in trading means the ability to react to ones personal psyche
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