The808Trader
Long

More volatility = Gold up? - Ichimoku XAU/USD Trade Setup

OANDA:XAUUSD   Gold Spot / U.S. Dollar
If you're in the membership then you made an absolute killing on this last week and we're going to continue to look for chances to get long, if they present themselves. I am looking for price to fall a little lower to test at or near kijun sen to get long. If we get a good reaction with price either get a good support candle or bounce right off of it, I'll enter a buy. I am targeting previous price structure highs, but if you look left of current price we can aim for price structure and wicks along the way. As an alternative entry we can look for a break above the previous candle to get long, but it is a little more risky and diminishes potential risk to reward. If we fail to get a good to support, or to actually hold support, this setup may become invalidated. 
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