LONG XAU/USD
- XAUUSD respected the bottom of the channel
- XAUUSD respected strong support
- XAUUSD at a strong confluence area
- Bullish engulfing on the daily time frame
- No bad news for gold
- Stimulus may weaken USD and push XAUUSD upward
- Will place buys after top of downward channel has been retested
This is a trade idea and not financial advice, use at your own risk! Always wait for confirmation and do not forget your stoploss.
We welcome your thoughts and comments! Follow us for more great ideas.
- XAUUSD respected strong support
- XAUUSD at a strong confluence area
- Bullish engulfing on the daily time frame
- No bad news for gold
- Stimulus may weaken USD and push XAUUSD upward
- Will place buys after top of downward channel has been retested
This is a trade idea and not financial advice, use at your own risk! Always wait for confirmation and do not forget your stoploss.
We welcome your thoughts and comments! Follow us for more great ideas.
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.
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.