XAU/USD -Facing Local Resistance
Updated
- Gold is facing a local resistance trendline which previously was acting
as Support trendline within the pattern.
Last 3D candlestick print managed to put a higher high in terms of market structure (BoS).
Entry from here is quite risky, however, spot SL is just about 1% from current price.
Last 3D Candlesticks looks like a Bullish Hammer being printed, yet weak in terms
of price action having experienced rejection from resistance trendline .
Wave 5 anticipation for Gold, headed to NATH, but first, price needs to pick it self back up
and penetrate through the broken trendline in order to continue higher.
Quite some critical moves ahead for Gold's Direction
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor before
partaking on nay trading activity based solely on this Idea.
as Support trendline within the pattern.
Last 3D candlestick print managed to put a higher high in terms of market structure (BoS).
Entry from here is quite risky, however, spot SL is just about 1% from current price.
Last 3D Candlesticks looks like a Bullish Hammer being printed, yet weak in terms
of price action having experienced rejection from resistance trendline .
Wave 5 anticipation for Gold, headed to NATH, but first, price needs to pick it self back up
and penetrate through the broken trendline in order to continue higher.
Quite some critical moves ahead for Gold's Direction
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor before
partaking on nay trading activity based solely on this Idea.
Note
OANDA:Gold Spot/U.S DollarsXAU/USD
(Positioning/Swing-trading)
GOLD
Re-entering SL zone
Note
XXAU/USD 
XAU continues to roll down slowly gravitated towards South, the question remains, how much further does it have to go down ?
Breaking SL price at 1885/ounce, would put Gold TA speaking on risk side to trade,
while spot price would become tempting for investors and State Reserves to accumulate more.
Bearing with patience the entry taken on gold looking for Wave 5 macro.
(check idea NATH Ahead).
Although on the negative side of digits, looking for SL level to hold.
Breaking that, would make me concerned Technically speaking.
Nonetheless, remaining positive for Gold's Future
Trade active
Hoping for no SL TriggerPatience has leveled up on this trade taken long TA speaking.. it's been a while
#Swing
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