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Market_ATM

Gold Bottom Out Long

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Market_ATM  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Rectangle Trend Lines
8
0
supportandresistance rectangle trendline
Structure: Uptrend
Moving Average: Uptrend
Trendline: Breakout of Downtrend Line
Pattern: Ascending Triangle
Trigger: Closed above 1482-1486 multiple resistance area
Resistance: 1500, 1515
Support: 1480 - 1486

Gold finally broke up month long resistance
Go long around 1480-1484, wait for retracement to the Resistance turn Support area
SL: 1465 or closed below 4H 200 MA
1st Target: 1515
2nd Target: 1530
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