KamalFX
Long

Possible breakout on GOLD on its way - Long then Short Trade

FX:XAUUSD   Gold/U.S. Dollar
115 0 1
Gold             has just touched a support area where I previously executed a long trade. If I get confirmation from an indecision candle followed by a confirmation candle, I will execute another long trade and set a target around the 1158.00 level. There is some previous support at this level and if all goes well and it reaches my resistance line, I will execute a short trade if I get price action confirmation. I will set my first target at the 1150.00 triple bottom level where I predict it will break out.
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