ChrisSmithf0

Gold = intraday reversal buy

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has made a significant outside bar yesterday. Price action tends to correct such large moves.

In the recent move down with large bearish daily candles there is 1 to 2 days of correction.

Buy now and look to exit between the daily Tenkan Sen and Kijun Sen , as these are the likely balanced price for today.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.