Feeling Long for XAUUSD GOLD
Why did I enter?
I personally might’ve entered too early. I’m still learning. But I feel confident that the value of gold will increase with the USD steadily losing its value respectively. On the 4 hour even though the stochastic is still near the top, the most recent high was broken. When I go to the 1 hour, I don’t see any lower lows being created. On the 15 and 30 min price is still testing the support zone with the 5 min being over sold. This indicates to me that price will shoot up sometime within the next few days. My security net is that new highs are being created ever since price broken off the support zone. Enter at ya own risk of course as Gold is still fresh to me. I used two 0.01’s
I personally might’ve entered too early. I’m still learning. But I feel confident that the value of gold will increase with the USD steadily losing its value respectively. On the 4 hour even though the stochastic is still near the top, the most recent high was broken. When I go to the 1 hour, I don’t see any lower lows being created. On the 15 and 30 min price is still testing the support zone with the 5 min being over sold. This indicates to me that price will shoot up sometime within the next few days. My security net is that new highs are being created ever since price broken off the support zone. Enter at ya own risk of course as Gold is still fresh to me. I used two 0.01’s
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.