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Magnatrio

GOLD Swing Trade and Setup

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Magnatrio  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Fundamental Analysis Technical Indicators Gold goldtrading goldidea goldusd goldanalysis goldlong goldbuy goldswing xauusdanalysis
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trendanalysis fundamental indicator gold goldtrading goldidea goldusd goldanalysis goldlong goldbuy goldswing xauusdanalysis
I am currently holding three positions on Gold (1 initial entry and two positions when price created a swing that meets my entry criteria). I am hoping to scale in and also make another final entry when price closes above the current zone. A break of the triangle pattern with a momentum candle could give be a confluence that price is continuing up and willing to break the current key area it has been consolidating in (8 & 14 EMAs have been moving close to each other). My initial target is 1800.00 on all positions. Should price not get to 1800.00, I will have at least locked enough profits.

*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at your own risk.
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