XAU/USD GOLD Buy

8 juil. 2021

XAUUSD

Summary

Daily - bullish

4hr - was in a range. broke and closed above the range. Went to LTF to look for an entry.

1hr - was waiting for the new candle to break the previous 1hr high but it did not and formed a weak resistance.

30m - price starts ranging.

Execution:

1hr - placed a buy stop above the 1hr candle anticipating the Pre NY volume to push the price higher. after 2 hours of waiting, around 6.50pm price starts moving up and my buys got activated with the Sl below the 30m candle.
secured 13 pips. Price moved 33 pips