Buying Opportunity in XAU/USD - Bought @ $1858.25 Tue, Feb 14, 2023 20:24pm. Bought #2 @ $1840.04 Tue, Feb 21, 2023 17:11pm. Bought #3 @ $1,828.57 Thu, Feb 23, 2023, 12:35pm. Bought #4 @ $1,826.43 Thu, Feb 23, 2023, 16:00pm
XAU/USD tumbled from a 10-year high of $1959.76 after multi-central banks rate hikes two weeks ago. This evening, price actions hit a 2-week low at $1850.47. U.S. CPI data is due out in an hour's time and it could provide the catalyst for a price surge to possibly re-test the all-time high.
TRADE IDEA
Bought #1 @ $1858.25 Tue, Feb 14, 2023 20:24pm.
Bought #2 @ $1840.04 Tue, Feb 21, 2023 17:11pm.
Bought #3 @ $1,828.57 Thu, Feb 23, 2023, 12:35pm.
Bought #4 @ $1,826.43 Thu, Feb 23, 2023, 16:00pm
Stop @ $1824.00
Target @ $2062.00. Move to $1,850.00.