XAU/USD retesting
Planning Gold
04 / august / 2024
Sell Stop
Entry : 2435.66
SL : 2456.42
TP 1 : 2422.34
TP 2 : 2405.02
TP 3 : 2485.05
Breakdown :
Market close on friday with NFP. Price closed and break wedge but failed to continue (false breakout). Price continue to reject the resistance 2477.00 which is the major resistance for gold as per July 24th in 4H.
Price broke trendline below and chase the next support, and begin retesting the wedge. After market open on 04/07, first 2-4 candle will determine the next direction.
04 / august / 2024
Sell Stop
Entry : 2435.66
SL : 2456.42
TP 1 : 2422.34
TP 2 : 2405.02
TP 3 : 2485.05
Breakdown :
Market close on friday with NFP. Price closed and break wedge but failed to continue (false breakout). Price continue to reject the resistance 2477.00 which is the major resistance for gold as per July 24th in 4H.
Price broke trendline below and chase the next support, and begin retesting the wedge. After market open on 04/07, first 2-4 candle will determine the next direction.
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