XAUUSD broke downwards of a flag formation we have been seeing for the past few weeks. Price is now at a crucial area, right on the up trend line.
Technicals are still pointing north:
1. RSI in buy zone on large timeframe.
2. Bulls still in power as up trend line still holds.
Entry @ current price area of 1861.00
TP 1 @ 1900
TP 2 @ 1.1971
Remember at crucial ares as such, set shorter stop losses and always always have risk managemetn.
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple