fOREXeCHO
Long

It's a long, I trade what I see.

FX:XAUUSD   Gold Spot / U.S. Dollar
75 2 1
After a bounce from the trendline , we have more reasons for a Gold0.22% long. Three routes are possible in my eyes.
I'm not sure if there will be another downward run, but the market is waving a clear bull flag , which i will trade.
trade with care!
Comment: What happened recently remind me that last time when FED implied no hike in March, commodities and currencies go crazily against USD and Gold creeped higher, I am expecting it will repeat, even just a it.
Comment: will look for a buy at 1245 level.
Comment: Closed 1 lot long position at 1262.
Comment: Quite possibly it's a short against the downward trendline, I will close the rest position when it revisit 1263 and open small position short.

Related Ideas

Quite possibly it's a short against the downward trendline, I will close the rest position when it revisit 1263 and open small position short.
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Closed half position at upper trendline.
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