danresdidualfx

Trade setup: XAUUSD analysis

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price broke the counter trendline with strong buying dominance, we are now retesting this region around the highlighted area which respects the 50% retracement zone, am expecting for momentum to further shift into the supply region of $1440 which had previously tested. Amid tensions raised between China and US as trade negotiations deteriorate we could expect to break that barrier in the long run.

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