My Analysis on XAU/USD
I have a long bias on 
XAUUSD
There are some points on which bases I made my bias on gold:
-Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably.
-Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout.
Plan:
GOLD LONG:
Entry: 1754.4
Tied SL: 1748.6
Ideal SL: 1746.4
TP1: 1759.8
TP2: 1765.3
TP3: 1770.3
TP4: 1775.9
TP5: 1782.5
Trade your levels accordingly.
Your feedback would be appreciated.
Best of luck!
XAUUSDThere are some points on which bases I made my bias on gold:
-Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably.
-Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout.
Plan:
GOLD LONG:
Entry: 1754.4
Tied SL: 1748.6
Ideal SL: 1746.4
TP1: 1759.8
TP2: 1765.3
TP3: 1770.3
TP4: 1775.9
TP5: 1782.5
Trade your levels accordingly.
Your feedback would be appreciated.
Best of luck!
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.