XAUUSD Correction Move Post- All Time High Break
Updated
Based on historical data, New All Time High level always be dumped approximately 1000pips in the next 2-3 days before continuing the bullish move.
Thus, looking at the current price action; there seems to be potential that Daily candle (18/07/24) will be closed bearish as the trigger for correction move to occur..
Sell area at Fibo 50-61.8; Stop loss above Fibo 0 and first take profit area at Fibo 1618.
Thus, looking at the current price action; there seems to be potential that Daily candle (18/07/24) will be closed bearish as the trigger for correction move to occur..
Sell area at Fibo 50-61.8; Stop loss above Fibo 0 and first take profit area at Fibo 1618.
Note
First target hit! I personally closed my trade at 2444 and it gave me 200pips+.As in my view, we have long way to go.. 2400 area is still possible to be re-visited...
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