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ASAD_G47

Gold/USD - LONG Trade Call - Trend Reversal Falling Wedge

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ASAD_G47 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
4
0
trendanalysis chartpattern indicator
On 1h scale, falling wedge is forming along with RSI showing divergence. Therefore, LONG Trade is in order.
Comment:
TP 1 has been hit. Therefore, for second trade, I'm moving up the "Stop Loss" to TP1 level to overall stay in profit regardless of the outcome of second trade. But most likely it will reach TP2 as well and can even go further up.
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