$XAU or gold is preparing for massive bullish move
As you can see in my added photo $XAU was following a downtrend in 1h timeframe now I can see XAU breaks that resistance so that we can say downtrend is over.... We must need to focus on some key level... If XAU holds 4375 level XAU can touch 4500 level easily.... So that I can see a good reward ratio that's why I will open a long with proper risk and money management
entry price- 4408-4400
leverage 30x
1st tp- 4443
2nd tp- 4477
3rd tp- 4510
SL- 4364
🟡 CC Confidence Score: MEDIUM
As you can see in my added photo $XAU was following a downtrend in 1h timeframe now I can see XAU breaks that resistance so that we can say downtrend is over.... We must need to focus on some key level... If XAU holds 4375 level XAU can touch 4500 level easily.... So that I can see a good reward ratio that's why I will open a long with proper risk and money management
entry price- 4408-4400
leverage 30x
1st tp- 4443
2nd tp- 4477
3rd tp- 4510
SL- 4364
🟡 CC Confidence Score: MEDIUM
