SantanderCapital
Long

XAU/USD Ready To Bounce Higher?

FX:XAUUSD   Gold / U.S. Dollar
102 0 1
Chart: 4 Hour Time Frame
Market: Bullish

Bullish Indicators:

1. Low test candle stick pattern low rejects 1268.40 support level
2. Low test candle low below 50 EMA , open/close above 50 EMA
3. Price is in pullback mode, forming swing low and likely to break to the upside.

Risk Management:
Order Type: Pending Buy Order
Risk / Reward: 1 : 2.17+
Stop Zone: 1268.40
Target Area: Until evidence of reversal

Notes: Pending long order is set. If the order is triggered, trade will be active and likely to see
new high for XAU/USD             between 1300 - 1330.
Comment: Pending Long Order Triggered
Comment: Stop hit (9th May)
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