FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Just entered a Long position on Gold, See my previous post....

The market has been in an uptrend, I was watching the 1680 - 1670 area for a trade this is a recent level of resistance. We have now come back to that area and we have made a double bottom on the 1hr chart.

Keeping quite a tight stop on this as it could come back to 1640 support level.
Comment:
So nearly stopped out of this!!

I have moved stops to break even here. Didn’t react from that level as I expected. An still push up but at least now there is no risk involved!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.