Profitlio_Trading

Best place to Buy Back Gold after Banking 540+ Pips

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Gold showed up a fake Rising Wedge structure while we're running on Longs since 1648. Now this is the trade plan. I witness few rejections on the upper shade which is very promising for another rejection from this trend line so we have to take a close watch. Also we have a daily resistance which formed a key level by now at 1683+ If price failed to break through that key level we can long in that area up to 1795+ ( Major Resistance Zone ). I have attached the trade setup which supported for 540+ Pips under related ideas section. Sketch up your own trading plan and see how it works. Good Luck!

Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.

Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.

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