alanprotrader
Long

GOLD buy setup due to forex basics

FX:XAUUSD   Gold / U.S. Dollar
Hello all.

Forex basics says that if we are in a uptrend and you have a correction with no new lower low then is a good time to buy, lets see if this idea works. Trade with a SL just below yesterday low.
Comment: Going to the sky.
Comment: Wait the close of the today/week candle to buy.
Trade closed manually: Closed.
Gold hit the buy zone and now will go to the next resistance to 1345 zone. What price action to trade it.
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My only concern is that this playing out;
https://www.tradingview.com/chart/kL5hCDtt/
Is that out of the question u think?
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