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#CATCH #CATCH Buy idea for XAUUSD, due to expected pullback and buying pressure
Starting from the 4-hour chart, we can see that we are still in trend and momentum, so it would be correct to look for main sales, but we need to allow the market to pull back before doing so.
So we might be looking for a potential buy (30-minute chart) because the market got a little tired on Friday and is currently showing us some buying pressure, which we can also see at the 4-hour candle closing. Not a huge thing, but still possible to make big profits up to 2,420-25 if managed correctly. After that, it's best to wait and gather more information for the next steps, whether we have broken that level or already turned back.
Now, if we see that the price is struggling to exceed 2,408, we will likely continue at levels lower than 2,390.
12 hours ago
Comment:
If we do not see an increase in volume or upward momentum, we will close the trade at the current price or at least at 2.405, and wait until one side of the current range is cleared.
11 hours ago
Comment:
I have completely closed my trades.
11 hours ago
The transaction has been manually closed.
(Source: TV-Fxsnipetraders)