azahayes

XAUUSD gold set up for the foreseeable

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has been ranging between 1500 and 1528 since Tuesday.

This period has presented lots of entry opportunities both to buy and sell (highlighted using the ellipse). I found this tool applied with the stochastic a strong indicator and conformation of good entry points.

As for next week I have a buy and sell limit in place and will keep looking for good entries!

Again as a reminder to myself USE CORRECT RISK MANAGEMENT!!!

As always I (we are learning!) Would love to hear your thoughts and share ideas!

Good luck and enjoy the weekend!
Comment: TP1 on the buy limit.

Daily buy zone is now been used as resistance.
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