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BUY

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BUY

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BUY PENDING ORDER

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BOUNCE

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XAU/USD IS CURRENTLY IN AN UPWARD TREND AND IS NOW RETESTING OUR MONTHLY SUPPLYZONE THAT WAS BROKEN TO THE UPSIDE.PAIR IS EXPED TO CONTINUE WITH UPWARD TREND BUT HOW EVER IT POSSIBLE TO GET A TREND CHANGE TO THE DOWNSIDE DUE TO A LOWER HIGH FORMED.FUTHER CONFIMATION WILL BE DONE TO GET A CLEAR DIRECTION

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PAIR CURRENTLY IN AN UPWARD TREND AND IS FORMING A 'W' PATTERN ON TOP OF OUR DAILY DEMAND ZONE.ONCE THE PAIR BOUNCES IN THE DEMAND ZONE AND THE BOTTOM EDGE OF OUR ASCENDING CHANNEL,WE WILL LONG THE PAIR.THIS TRADE IS A LONGTERM SETUP WITH R:R OF 1:7

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Pair about to hit a 5 year Trendline,and is now in a strong supply zone therefore, A bounce to the downside is expectred.