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YourLazyTrader

Buy Gold after pullback/ Low risk-High Reward

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
YourLazyTrader  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xauusdlong xauusdbuy xauusdupdates xauusdanalysis xauusd4h xauusdforecast xauusdidea
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trendanalysis chartpattern beyondta xauusd xauusdlong xauusdbuy xauusdupdates xauusdanalysis xauusd4h xauusdforecast xauusdidea
After spiking to multi-year highs above 1600, XAUUSD is in a correction phase.
However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543
Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.

Related Ideas

YourLazyTrader
Gold could retest 1650 again after the minor Pullback
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