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ZenTrader108
Mar 3, 2016 9:03 PM

XAU/USD Gold - Potential Long on breakout Long

Gold/U.S. DollarFXCM

Description

Our thesis is in the following link provided on our site:

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)
Comments
ZenTrader108
Testing the breakout area now, so far very interesting both Long and Short trades
ZenTrader108
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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