Buy XAUUSD (Daily & 4H)

in Daily chart:
Support level at 1258-1266
61.8% fibo retracement

> Buy
Entry : 1272.5 (Now) or 50% retracement of engulfing candle at 1270.0
-Stop : 1263.5 (65 pips)
-TP1- : 1285.0 (150 pips)
-TP2- : 1307.0 (370 pips)
-TP3- : 1324.0 (540 pips)


in weekly chart:
Uptrend line
Support level

in 4H chart:
bottom of the bearish parallel channel
Divergence in RSI indicator
1.414 & 1.618% fibo extension of 1281 to 1310 (last bullish wave)
Bullish engulfing candle

Commento:

First target reached.
Profit = +150 pips

Trade chiuso: obiettivo raggiunto:

Second target reached.
Profit = +370 pips