amanpaulbhogal
Long

Long set up on Gold - bullish engulfing bar

FX:XAUUSD   Gold/U.S. Dollar
Shifting trend with a succession of higher highs and lows, price has found support at the 8 and 200 ema, and a price level of 1170 which are all located in very close range to one another. Closing the day as a bullish engulfing bar in this support area signals a continuation of further bullish momentum.

entry - above high of bullish engulfing bar
stop loss - below low of bullish engulfing bar
target - around the 1220 price level
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