2ndSkiesForex
Long

Looking to Buy on Pullback Into Key Level

FX:XAUUSD   Gold/U.S. Dollar
427 5 4
Today's selling, although looking decently impressive, was really only about 25-30 mins of selling pre-NY Session open, so this suggests coordinated selling by parties not wanting PM's to go higher. With that being said, the follow up has not seen much follow through selling and i'm guessing with the war drums of Syria still beating, PM's should do fine.

Thus i'll look to buy on pullbacks into the key levels and support zones marked on the chart.

Upside targets are now 1481, 1533 and 1585.
Ryan Tyler
3 years ago
Getting closer to First major zone. Let's see
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2ndSkiesForex Ryan Tyler
3 years ago
Indeed, its working its way over there. I'm happy to buy on pullbacks as I suspect these pullbacks will be bought as the selling has not had massive follow through.
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Ryan Tyler 2ndSkiesForex
3 years ago
Level completed and going to go up again
Reply
2ndSkiesForex Ryan Tyler
3 years ago
Yep, already a good bounce. A retest of prior highs around 1425/30 should be up next. After this, if it can clear it, then 1481 is up next. Still holding my three longs on it.
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danchrispine
3 years ago
Bounced off midway between the two key levels despite the holiday. Looks all set to commence a bullish run.
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