XAUUSD: Long term trend broken
Notes:
Inversely correlates with USD, Gold has broken a year long trendline.
On a shorter time frame, it also broke the support level around 1258.
This is a long term trade and we try to bargain for discount on entry because yesterday bear bar was really big.
Inversely correlates with USD, Gold has broken a year long trendline.
On a shorter time frame, it also broke the support level around 1258.
This is a long term trade and we try to bargain for discount on entry because yesterday bear bar was really big.
Trade closed manually
Closed as price action reversed
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.