Trade_Wind
Long

240 Gold Long on Ascending Triangle

OANDA:XAUUSD   Gold Spot / U.S. Dollar
62 views
5
62 1
Bullish ascending triangle , combined with resistance and .236 fib line at 1244, and bullish hammer on daily.
TP at 1275,
SL at 1242
In spite of a Bullish close on the week, it's difficult to ignore Friday's big scary wick up, and high volume. I remain Bullish, but wouldn't be surprised by a pretty aggressive retrace next week. SL remains the same, but i want to see a good bullish confirmation, and some weak US data before taking any more long positions.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out