AbdallaAmgad

XAUUSD Longterm Momentum

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
We all saw the downside momentum on the gold prices as it broke the last lowest low and rebounded from the bearish trading channel we can wait till the prices go back again to the levels of 1725 and then we can activate our buying positions one more time on the gold . We can use the nunber of 1719-1718 as our fixed stoploss and any candle closure below 1725 we will exit our positions also we can target the numbers of 1760 as a first and after that we might see the levels of 1765

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