Gold's Breakout Continuation Play

OANDA:XAUUSD   Gold Spot / U.S. Dollar
  • I'm currently expecting upside as gold is holding above the 1,802.25 level.
  • As labelled in my Signpost, the current bar tested the key level and held. You can actually see the reaction by the lower wick.
  • I'm expecting to hold this trade overnight unless price drifts back towards this level and stalls, which I would consider scratching.
Often the contrarian. Looking to take structural directional moves with high R potential in order to sustain a lower win rate. I do not disclose my position sizing, scaling, or trade management. View at your own risk.