This is an update from the XAUUSD chart idea we shared for this week.
Absolutely smashed !!!!!
We got our retracement into the identified level and then the perfect bounce clearing all our Bullish targets.
Cross and lock above each weighted levels on this idea gave the confirmation for each of our targets, which were hit perfectly.
We are now seeing a break above 2364 with a gap open to 2376. We have already completed this chart idea and due to NFP will not be chasing the bull from the top and will only consider from dips
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS 2332 - DONE 2339 - DONE
EMA5 CROSS AND LOCK ABOVE 2339 WILL OPEN THE FOLLOWING BULLISH TARGET 2349 - DONE POTENTIALLY 2354 - DONE
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGET 2364 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
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