Xauusd ( Gold) Long/Buy
Diupdate
Unfortunately my previous analysis ended up at breakeven (0 loss).Price started moved up but went down. I have mentioned before after trade going profit above 50 pips make sure moved the sl at entry to protect our capital. Anyway let the thing passed and we move forward. Currently we are sitting at major support 1771. First of all its very clear to see we got an inverted head and shoulder at this level which I drawn on the chart. Secondly price got retrace from 1912 until now. Its a big moved back down. However when market having this kind of reaction it means that investor do not interested on the price, but as we all can see price currently sitting at mojor support. We can expect there is some possibilities market will gain strength at this level. Personally I would recommend set a buy limit at 1766 with stop loss below previous low 1750.Take profit will be at previous support. Risk to reward 3.0 . As usual when price running to your favor 50 pips and above, please make sure stop loss would be at entry. Plan the trade, trade the plan. Would update on later.
Catatan
Looks like we are in a right direction but we missed up. Price starting rally up. Our buy limit can move up a little. Move to 1770 on previous support. Sl will be at 1765(-150pips) tp will be at 1800 and above.Catatan
Trade active entry 1770 . Sl set below 1755 (150 pips).update tp later.
Catatan
Price running 70 pips from our entry. Make sure moved sl on entry. Happy trading.
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