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DesharedPierreJr.

Gold has Likely bottomed out for this month

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
DesharedPierreJr.  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Trend Lines Candlestick Analysis reversal goldlong intradaytrade bullishsetup retest higherhigh nakedtrading supportandresitance xauusdlong
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supportandresistance trendline candlestick reversal goldlong intradaytrade bullishsetup retest higherhigh nakedtrading supportandresitance xauusdlong
I decided to go long on gold immediately after receiving a reversal candlestick at a low on top of daily support. This candle also provided bullish volume after breaking a trendline and creating a new high. Price is now on the buy side of a strong trendline as well as the buy side of a strong support. I look forward to adding an entry upon a reversal candlestick at the retest. At the end of the day we're counter trend trading NOW.
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