Long

XAUUSD Trendline pullback, potential bounce | 11 May 2020

Updated

XAUUSD pulled back to our bearish trendline and is likely to bounce off the trendline. Since it is still respecting the symmetrical triangle well, we set our target within the triangle. Ichimoku is also indicating a bullish sentiment for Gold.

Thanks everyone for tuning in to today's analysis of XAUUSD. If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!

Note

XAUUSD Testing the Upper Band of Symmetrical Triangle | 8 May 20

our Friday's analysis turned out to be more accurate, price is respecting the symmetrical triangle well instead of the trendline pullback.

Note

Our SL was too tight though the direction was right

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