Roey_

XAUUSD: Trading signal

Long
Roey_ Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Today, our target 1920-1913 has been reached, and now, in its 15m chart, the trend of building a bottom has begun, which portends a rally to follow.

Judging from the previous trend, I judge that its resistance is in the 1923-1932 range.

Therefore, my point of view is that you can choose to go long first and then short, or you can wait for the rebound and then go short.

It depends on your account situation and the time zone you are in. It should rise during Asian trading hours and fall during European trading hours.
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1913-1907 build bottom
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As we expected, it formed a small bottom in the 1913-1907 range and rebounded to 1920. Now, 1923 is still a resistance. If it cannot be broken, it will fall again
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When it broke through the resistance of 1923, it came to 1937
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Have a great weekend, guys!
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