danielreid2001

XAUUSD (Gold) - (Long)

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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4
This is analysis is for my Gold Long position for this upcoming week, I feel this week will be another good week for gold as I believe it will keep increasing it's price due to structure and how harshly it is rising above all support and resistance levels. At the current time the price is 1627, However I believe if you put in a long position between 1618 or 1620 I believe this would be a perfect opportunity to go long and then wait and set your own TP. The reason i'm thinking this strategy will work is that we have had the 5 wick rejection strategy work twice within the last week and i feel that this strategy could continue. if you buy at the right price


Buy - 1620
Sl - 1609
TP 1635 or higher