$XAU - I'm leaning LONG here
POV: you keep waiting for $XAU to pick a side and it just hugs its average.
Price sits 0.4% above the 200 EMA, so the trend has only just started and has not stretched. Sellers are still taking 53.6% of market orders, which is the part that could undo this. The stop sits 0.3% from entry and the first target 0.3% away, so 4030.91 is where this gets decided.
Is 4030.91 the zone you are watching, or somewhere else?
TRADE PLAN
Entry zone: 4030.91 - 4032.97 (ref 4031.63)
TP1: 4044 (+0.31%)
TP2: 4053 (+0.53%)
TP3: 4062 (+0.75%)
Stop loss: 4020.73 (-0.27%)
⚠️ Personal market insight, not investment advice. DYOR.
POV: you keep waiting for $XAU to pick a side and it just hugs its average.
Price sits 0.4% above the 200 EMA, so the trend has only just started and has not stretched. Sellers are still taking 53.6% of market orders, which is the part that could undo this. The stop sits 0.3% from entry and the first target 0.3% away, so 4030.91 is where this gets decided.
Is 4030.91 the zone you are watching, or somewhere else?
TRADE PLAN
Entry zone: 4030.91 - 4032.97 (ref 4031.63)
TP1: 4044 (+0.31%)
TP2: 4053 (+0.53%)
TP3: 4062 (+0.75%)
Stop loss: 4020.73 (-0.27%)
⚠️ Personal market insight, not investment advice. DYOR.
