Gold to test the trendline! Can XAU break this downtrend?

I believe Dollar index has peaked since the last FOMC's 75bps hike announcement.
I strongly believe XAUUSD going to smash the trendline and a close above it can be extremely bullish.!
I'm targeting 0.382 of Fibo around 1765 USD.

Entry, stop and take profit is on the chart!
Bonus target - Target 2 : 1811 USD (Golden Ratio). Worth rising the stop along with the trend!

Total no. of Analysis : 17
Successful trades : 11
NPNL : 3
Stop Hit : 2
Lost : 0
In Progress : 1

Safe Trading! Cheers!!

Kommentera:

Crossed the DownTrend line with bullishness.. Safe journey GOLD!!!

Kommentera:

Reached half the way! can surely wait for the targets to reach atleast the first target.! or can take a 50% profit from here (not recommended). Another successful trade it is.

Total no. of Analysis : 17
Successful trades : 12
NPNL : 3
Stop Hit : 2
Lost : 0
In Progress : 0