Gold XAUUSD Long Trade 13/12/19

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I am long gold from the $1548 price level. Looking to trade this up to $1580/85 where there is potential for a head & shoulders trend reversal if price finds resistance.

My entry criteria for this long trade is 1hr higher highs made on Friday, price is now retesting the $1550 support zone with the 4hr 50ema supporting and price looking to bounce once more.

Middle East tensions could support a gold boost.
Jan 13
Trade active
Jan 27
Trade closed: target reached


What about the trade deal on Wednesday, do you not think this will push it down further ?
+1 Reply
@Joemalin1, considering that event has been announced weeks ago, I think it's safe to assume it's priced in
Joemalin1 Charlieab94
@Charlieab94, do you see gold went wrong lower then it’s current position and do you think the next stop is 1600 then?
+1 Reply
@Joemalin1, That literally makes no sense to me
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