XAUUSD
We are currently expecting the GOLD market to continue rising and allow us to entry the market with long position, this is depending on breaking the resistance of 1825.86 level.
If the market breaks this level we are going to wait for a retest of the zone, use it as our support and entry the trade.
MACD shows a continuous bullish trend.
Basically there is descending channel pattern that has broken multiple times now and yesterdays break was pretty significant as the market seems to use 1774 level as a support again after 1month. Regarding this, if the market keeps bullish we are on a good way to get our profit.
Entry: 1825.86 (aprox.) - if retested
Let me know what u think.
Comment:
Currently Gold has rejected the entry into the zone. We are expecting gold to rise as bullish flag pattern has been spotted in the chart. - Waiting for entry atm.
Order cancelled:
Entry denied