jsam2877

XAU/USD long Idea - Smart Money

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Had this marked up from the 17th Dec. Missed my entry slightly
Nice pullback and re-test.
Based on 30min Institutional candle from the open.
Fib from the 30 min IC to the previous high (before the new high formed) and the 75% aligned up beautifully with the open of the POI candle at 1855.65.
Imbalance needed to be filled so had to come back down to test.
Targets meeting my fib levels and target 3 lines up with the Imbalance left from 9th Nov drop.
I have just started implementing the smart money trading concepts so hope this plays out successfully.

Good luck traders. Merry Crimbo