Brian_Philips

XAUUSD a bullish movement is highly possible

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Based on the chart, price succeeded to break a major resistance level and the weakness on sellers is considerable.
So based on these scenarios and happing a pull back on the broken area, continuing the uptrend would be highly possible with providing a very good risk/reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.