XAUUSD: Profit flight with a catch-Bullish.



In a 30min time-frame, XAUUSD ready to take a flight to the top. A throwback reversal impulse from 1282.39 pushing the price range to a new resistance level. An Impulse formation may switch the price movement pattern the price range could achieve the target in two ways; it may fetch target directly from the current zone or else, a small pullback correction to the 1287.05 and a raise up to the target.

Alternatively, instead of a throwback, a continuous decline after the pullback would lead the price range to the deep. In this case, wait for a reversal till 1284.77 else, close the trade@ 1282.39.

Signal Specification

Entry: 1289.41

Tp: 1296.47

Sl: 1282.39

R/R: 2.01

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07 Jan 2019 11:09 am Posted by admin