#ScalpTrading
$XAU Long Setup
I’m taking a long on GOLD here after price broke above the short-term downtrend on the 5M.
Entry: $4,435–$4,437
TP1: $4,447
TP2: $4,460
TP3: $4,486
SL: $4,419
Looking for the breakout to hold and momentum to continue higher. Nice RR on this setup, but I’ll be watching how price reacts around TP1 before targeting the higher levels.
$XAU Long Setup
I’m taking a long on GOLD here after price broke above the short-term downtrend on the 5M.
Entry: $4,435–$4,437
TP1: $4,447
TP2: $4,460
TP3: $4,486
SL: $4,419
Looking for the breakout to hold and momentum to continue higher. Nice RR on this setup, but I’ll be watching how price reacts around TP1 before targeting the higher levels.
