FXCM

XAU/USD approaching support, potential bounce | 22 June 2020

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Price is approaching support in line with our trend line , 38.2% retracement and 78.6% extension where we could see a bounce to our first resistance level . 20 Period EMA and Ichimoku cloud are showing signs of bullish pressure as well.
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Comments

Very nice and clear analysis. Have a wonderful day.
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mmd_slash nrmt2010
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FXCM mmd_slash
@mmd_slash, great work there!
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@FXCM, thanks :)
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FXCM nrmt2010
@nrmt2010, thank you!
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FXCM nrmt2010
@nrmt2010, thanks hope you manage to ride on this!
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Great stuff! But take your time, speak slowly, don't rush, then it will be perfecto :-)
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FXCM zipwire123
@zipwire123, thank you, will keep that in mind!
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Hi. Great stuff !

What do u mean by close 50% of your position? Meaning you close 1/2 your contract and let the other half run to TP2?
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