XAUUSD Analysis EP4

٤ سبتمبرThe market is bullish on the H1 chart. The challenge is deciding on entry. One can enter at OTP 2478.17 but stand a higher chance of missing out on entry because the price might not pull back that far. Or enter at the Pivot Price 2490.80, a likely price at which entry will be triggered. However, the question is how you intend to manage risk if you go for early entry. Either you put your SL at 2485.80, which gives you a good RR. Or 2473.00, which is a bad RR but a secure place. I am going for the first choice. I assume that if the price breaks below the CPR, then the OTP entry will be activated. So, I will set both entries and see how things turn out.

A break above 2511 means we buy again on a retest of 2508.60 to exit at 2527.0. Enjoy your day.