Wait for a Long On XAU/USD

FX:XAUUSD   Gold Spot / U.S. Dollar
In my idea, because of not making Lower Low on the daily chart of GOLD , if the price can break the down trend line , it should have a retracement of the past move, so we'll wait for a break of trend line


3 reasons are here that approves the retracement after the break :

1. RD + between down trend price and uptrend MACD
2. Not making Lowe Low on the daily chart
3. Nice Bullish Engulfing bar at the 0.618 Fibo ratio

so we'll wait for the price moves to the trend line , if we had a break, we 'll all in the uptrend of gold to 1234$
Order cancelled: but it didnt break
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out