Gold : Triple Re-test with Bullish Entry chance !

FX:XAUUSD   Gold Spot / U.S. Dollar
Another simple setup but superb one. We have triple retests around 1330's in XAUUSD             , I have initiated long positions based on 3 reasons,
1) Three time price retested this zone 1330 in XAUUSD            
2) Hammer with Bullish confirmation close
3) Risk-Reward is good
For this particular trade setup, pls             check ur             trade plan and check whether it suits you before entering !

Thanks for your support, Happy Trading !
Comment: Target 1 achieved... whatever comes after this is complete Bonaza :)
+1 Reply
It recently broke a trend-line that can be traced back to July 25th approx. I am curious if it is going to go back up to 1350+ levels (your TP) or if it will only form a flag that could manage to touch 1340 at best. Thanks a lot for sharing..
+1 Reply
InsiderB fxfxfx
I have planned two targets, will close of certain % around 1342's and the remaining @ 1352's.. So lets wait n watch how the trade goes...
+1 Reply
fxfxfx InsiderB
thanks for your reply. I will jump in with a SELL position if I see a bearish sign around 1342. It is too late for me to take that LONG trip now.
+1 Reply
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