Gold Xau usd broken bullish momentum opens much deeper targets

٣٠ مايو

Following my successful today's trade on XAUUSD, price action overpassed the bottom of the zigzag structure.
I am expecting a limited pullback to the 2329 price area before going further south

٣٠ مايو

تم فتح الصفقة

Finally price action managed to pullback to the 2336-2237 resistance area I used earlier today. Now waiting to revisit the Daily low in the 2324 area

٣١ مايو

أغلقت الصفقة: تم الوصول لوقف الخسارة

Positive stop loss was triggered. Gold USD price action still hovering much below my last bearish breakout area of 2356-2357 suggesting a pendant new bearish impulse.

If the upward trend persists I'm going to wait for an attempt in the 2351-2353 price zone to consider a new entry. Otherwise I'll enter earlier.