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Early morning Gold longs- 19Oct2021
Gold Spot / U.S. Dollar
Long
Early morning Gold longs- 19Oct2021
By fx_jax
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Oct 19, 2021
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Oct 19, 2021
On Monday (18-10-2021) gold price was ranging the whole day from Asian to NY session.
On Tuesday (19-10-2021) gold prices started to show a bullish trend.
During Pre-London a week resistance was formed over a 1hr time frame.
Waited for the price to break above (bullish trend) the 1hr previous wick high before entering longs.
SL below the previous 1hr wick low (-25pips).
Secured full position at +60 pips as the price was approaching 15min price zone also clean traffic to the left.
Chart Patterns
Trend Analysis
XAUUSD
xauusdlong
fx_jax
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