OANDA:XAUUSD   Gold Spot / U.S. Dollar
hi guys and girls so this is what i will be waiting for, as you can see we have now broken this trend and now hit a resistance level in price but i want to wait and see how price falls now around the area that's marked for longs so this goes well with the uptrend as seen and a clean retest of support looks nice and clean let me know your thoughts on this setup and what you guys think!

are we still going to be bullish or can we turn bearish ?

Comments

I got a sell position in1705. Shall I close it and tale loss or wait and watch...I'm already in a big negative value 🙄
+5 Reply
@Ajanne wait and see mate definitely should drop a good bit within the next few days.
+2 Reply
@Ajanne, yes i agree with @danielkimbo1 i think this will pull back but if we start to break this could be a different outcome
Reply
JAL26 Ajanne
@Ajanne, crikey. If it were me, personally, i'd be watching like a hawk for a sensible place to take a small loss. You've got balls to be holding that when it's at 1764 with a tonne of momentum. Why didn't you set a stop loss?
Reply
I'm looking for the re-test for a looonnngg trade. Take 30% profit at 1745, 30% 1918, and then hold it for 2000. Finite commodity, uncertain times, uptrend since 2015. At 1918, my SL will be well above 1745 so, hopefully a can't lose situation once we break 1800.
+3 Reply
Good chance of a breakthrough through resistance or a double top
+1 Reply
thats it head and shoulder down for the retest then boom up
+1 Reply
Thanks for this. 👍
Will you be doing some analysis on sugar for the week?
Reply
Contraction.. expansion... trend
Reply
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