KVE
Long

XAU/USD: Long from the bat, BUT: possible trendine breakout!

FX:XAUUSD   Gold Spot / U.S. Dollar
367 0 9
Possible bat to go long.

Please note: the B point has not retraced the full 38.2%!

However: we could be breaking the up trendline/channel to the downside which could give us a prolonged move down before possibly retesting the broken trendline .

SL below S/R and the bat's X point. Targets: 70% at TP1, 30% at TP2.

Position size a bit smaller than usual because of the bearish trendline breakout.
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