XAUUSD Long with 3 listed confluences
List of Confluences:
1: Trendline Breakout
2: Key Level Breakout and Rest (TBA)
3: Double Bottom
Summary: Trade has a potential RR of 2.72 to 1. We are waiting for the breakout and rest to confirm trade setup. If confirmed, we should be looking to enter Long tomorrow.
1: Trendline Breakout
2: Key Level Breakout and Rest (TBA)
3: Double Bottom
Summary: Trade has a potential RR of 2.72 to 1. We are waiting for the breakout and rest to confirm trade setup. If confirmed, we should be looking to enter Long tomorrow.
Note
The key level as been broken. Gold is bullish on the daily time frame. We will be wait for price to pull back before entering long.Note
Price is still far from our entry point according to our trade plan. We need price to move back towards the 1791.5* area before entering long.Note
Entry at retest of key level!Trade active
Note
2- 3 days left for trade then we close whatever the resultNote
Target hit with a very big reversal to the downside!
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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.