vj20_fx

Gold retracement

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has just broken through a major trendline. I believe price will only retrace back to trend for it to make a strong bullish movement. Price has done this previously at this price so we could see a repeat of history. I will be entering a long position where my TP will be where price reached before after that strong bullish movement (from 06/10 - 04/11)