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Art-of-FX
Sep 6, 2016 7:59 AM

Gold moving up Long

GOLD / U.S. DOLLARICE

Description

On the weekly chart gold printed a pretty decent bullish candle but more importantly printed that candle bouncing off the previous high. I really like this type of price action and expect a move up and trend line break eventually. Due to the candle price action I have already taken a long with a stop below the pattern, but for the more conservative trade you should wait for a trend line break, and then a retest of the topside of the trendline.

Comment

Picked up some nice pips already im gonna take half profit and look for a move beyond the trend line
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