Hello Traders, First take a look at my previous analyses XAUUSD after breaking its upward channel, entered a downward phase, this downward phase brought the price even below the level of 1750. But the price is still trying to hold the starting wave area c (d area).
The optimal entry point for a long position is from now until the price is in the yellow box.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP 1 and 2 are on the chart.
Optimum stop-loss area is on the chart.
Please share ideas and leave a comment, let me know what's your idea. CrazyS
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