XAUUSD
Hello traders,
Today, I'm actively pursuing a long position with the intention of riding the market up to the 1930 level. This trade aligns well with moving from one key zone to another. Specifically, I've identified a substantial support/resistance area at 1922/1923, making this a critical reference point for my strategy. My stop loss will be positioned just below this level to mitigate risk.
It's crucial to remain vigilant when news releases occur, as they have the potential to swiftly alter market direction. Remember to prioritize risk management and stay informed about news events that could impact your trades. Best of luck with your trading endeavors today!