totalMarketTraders
Long

XAU/USD Gold - Potential Long on breakout

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

https://totalmarkettraders.wordpress.com/
10 months ago
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)
totalMarketTraders
10 months ago
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.
Reply
totalMarketTraders
10 months ago
Testing the breakout area now, so far very interesting both Long and Short trades
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