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Mr.Pip

XAUUSD Potential LONG (Daily) #39

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Mr.Pip  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Multiple Time Frame Analysis
7
2
supportandresistance mtfa
Fairly simple analysis, gold has landed on a weekly demand level (Rally Base Rally) with an awesome fakeout that most likely suckered in bears. I am entering at the .50% fib as I always do.

Confluence:

- Daily Support
-BreakOut Trap
-Weekly Demand Level
-Under the market mean (20 and 10 MA)

It's all about probability! Enjoy!

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