XAUUSD Technical Analysis: APPROACHING SUPPORT LEVEL
Updated
WELCOME TO MY PAG AND AS ALWAYS, FEEL FREE TO LIKE AND FOLLOW FOR SUPPORT IF YOU LIKE WHAT YOU SEE = )
I definitely see GOLD going LONG after a short temporary dip to the green support line, if the long time ascending channel holds. (This channel has so far, been very well respected.)
Possible LONG opportunities: TP1 @ 1709, TP2 @ 1714, and TP3 @ 1721
Remember to place stop losses and trade carefully!
Like and comment on your thoughts and feedback!
Regards,
GOL D ROGER
I definitely see GOLD going LONG after a short temporary dip to the green support line, if the long time ascending channel holds. (This channel has so far, been very well respected.)
Possible LONG opportunities: TP1 @ 1709, TP2 @ 1714, and TP3 @ 1721
Remember to place stop losses and trade carefully!
Like and comment on your thoughts and feedback!
Regards,
GOL D ROGER
Note
Also to be mentioned:A descending wedge can be seen to have formed in the H1 Time Frame, traditionally a bullish sign. I would put more of my money on GOLD LONG
Trade closed: target reached
Breakout of wedge hitting TP @ 1706 Trade closed with profits, expecting a pullback to the triangle from 1706
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