XAUUSD Trade Idea Jan/03/2020 @ 12:07 AM PST

٣ يناير ٢٠٢٠

Disclaimer: Take at your own risk. This is a trade idea. Past performance does not ensure future results.

Candle needs to close above the Equal High/ Equal Lows.

Used Fibs to get levels and also matched with previous highs for potential TP.

٣ يناير ٢٠٢٠

ملاحظة

When in profit, remember to place SL to BE or BE+2 pips

٣ يناير ٢٠٢٠

ملاحظة

Gold Hit TP1. Put stops in profit

٣ يناير ٢٠٢٠

ملاحظة

Gold Hit TP2. Put stops in profit.

٣ يناير ٢٠٢٠

أغلقت الصفقة: تم الوصول لوقف الخسارة

Stop Loss in profit hit. This was a Resistance level on Sep/03/2019 @ around 4PM PST.

٥ يناير ٢٠٢٠

ملاحظة

Weekly Trade Idea Review:

This trade idea had an effective SL. Although in-profit SL was hit, the overall SL was not hit and TP3 is really close to be hit. Once market opens up again, will create another set up. Note: it is better to have an in-profit SL. Never let a winning trade become a losing trade.

Given the news about US and Iran/Iraq, there is a high possibility this will gap up with a significant amount and will go up even more to a weekly resistance of 1564.54.

Let us hope for peace in these turbulent times.