vbadali

Wait until 1250 to buy XAUUSD

FX:XAUUSD   Gold / U.S. Dollar
44 1 1
I've found the perfect buy point for Gold             it'll just take some time and patience but it'll pay off.
Don't watch any charts below weekly let the dollar run for now and let Gold             come to us.
Buy At 1250 stop below 1200 with a minimum target at 1375. 2.5 Risk/Reward
- 38% Retracement of the whole rally from 1050-1375
- Only $50 risk from the invalidation point of the uptrend @1200 (circled low)
- I drew an imaginary trend line to estimate the angle of the trend.

Trend line angle is important to me, I want to see our uptrend moving higher at a stronger angle as opposed to the red downtrend line.
When the chart was uploaded the Trend lines got messed up a little the resistance line (red) should connect cleanly at the highs and our support trendline (green) should follow the 50 MA
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