totalMarketTraders
Long

XAU/USD Gold - Potential Long on breakout

FX:XAUUSD   Gold Spot / U.S. Dollar
Our thesis is in the following link provided on our site:

https://totalmarkettraders.wordpress.com/
Comment: Monster Confluence LONG area.

Technical:
1. Potential 50/60 ema Dynamic Support
2. Confirmation of the Ascending triangle break end retest
3. Trend
4. Higher High / Higher lows
5.Top of triangle support (former resistance)
Testing the breakout area now, so far very interesting both Long and Short trades
Reply
Nice breakout after NFP, however would prefer this thesis was wrong as we want a really good Daily/Weekly pullback, just feels too heavy here even though our technical's point otherwise. This will be a very interesting trade to keep an eye on.
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