Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1697.6). . if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . XAUUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 67.
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21529 pips profit... Total Profit: 21529 Closed trade(s): 15032 Profit Open trade(s): 6497 Profit
Update Details:
Closed Profit: TP1= @ 1723.6 touched at 07.27.2022 with 688 Profit. TP2= @ 1745.1 touched at 07.28.2022 with 2838 Profit. TP3= @ 1763.5 touched at 07.29.2022 with 4678 Profit. TP4= @ 1785.1 touched at 08.02.2022 with 6828 Profit. 688 + 2838 + 4678 + 6828 = 15032
Open Profit: Profit for one trade is 1780(current price) - 1716(open price) = 6497 1 trade(s) still open, therefore total profit for open trade(s) is 6497 x 1 = 6497 All SLs moved to Break-even point.