FullTimeTrader
Long

XAUUSD-technical analysis

FX:XAUUSD   Gold Spot / U.S. Dollar
892 8 10
Long term my bias is long, first lets take a look at W1 chart:

Price bounced from a strong support with a hammer candle pattern

Here on D1 chart we can see:

1) price is bouncing from main pivot point
2) 0.50 fib retracement
3) bullish divergence on stochastics
4) strong W1 support

Fundamentally, after a sequencies of bad USD news last week, investors may start to buy gold             .

Best regards
I'm looking at that R2 as well with the confluence of the downtrend test.
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FullTimeTrader Justiceisfalse
I agree, if the price gets to that area i will be looking to sell
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are u still into this trade?
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Hello, yes off course the trade is still active, we must follow our plan, no chasing the market. Most important is be disciplined .........
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RT.FX FullTimeTrader
yea im buying gold now
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Yes, you have a better R/R ratio. The setup is negated if the longterm support is broken. Good luck.
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RT.FX FullTimeTrader
yea this support should be hold. i long this morning and close at 30 pip. and i long again just now .
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still havent hit ur SL
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