XAUUSD Pre-London Trade Analysis

 

Gold continues to exhibit a robust uptrend, demonstrating its strength in the market. While I initially anticipated a significant corrective move, the price instead consolidated within the zone of 2385-2390. However, when the pre-London volume surged and broke above the highs of the recently formed support, I seized the opportunity and entered an impulse trade for a long position. This decision proved fruitful, as I managed to secure a gain of 100 pips. Additionally, I opted to leave a small portion of my position open, anticipating further potential gains in the market.

ST Forex Trading

As a dedicated full-time trader with over 5 years of experience in the industry, I bring a wealth of expertise and insight to the table. Passionate about the intricacies of the trading realm, I am eager to engage in collaborative exchanges with fellow traders, fostering an environment where experiences and insights are shared freely. Navigating the complexities of the trading world has been a continuous journey of learning and growth for me. I firmly uphold the principle that knowledge flourishes through active participation and sharing. With a commitment to professionalism and excellence, I strive to contribute meaningfully to the trading community, leveraging my experience to drive positive outcomes and foster collective advancement.

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