OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price of gold is moving on the H4 chart along the rising trend line and at the same time it is near the support level. We assume a bounce from the trend line and continuation of the trend. The stop loss is placed just below the support line in case the trend line is broken and our target price is below the resistance price level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.