PULEMokhothu

XAU / USD 1869.13 - 0.14 % LONG IDEA * CONTINUATION & PTTNS

Long
PULEMokhothu Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
HEY EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL AFTER A SIGNIFICANT BULLISH RALLY CREATING SOME WHAT OF AN UPTREND, WILL WE CONTINUE TO RESISTANCE LEVEL $ 1911.87

* The METAL was trading in an ascending channel but seems the channel was consolidating in a bull flag / DESCENDING CHANNEL as we SAW a BREAKING OUT OF THIS structure to the upside.

- Short term the METAL has currently Rallied with an up trend as WE break above on the 4h chart. hitting ( HH , HL )
- Looking for LONG entries on the METAL this week should all the rules of the formation be met, A break above of the marked structure and close signals continuation and triggers the trade.

lets see how it goes


IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________

* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________

| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade active:
Its Thursday and we finally see a break above of structure 170 pips in on the confirmed trade. 310 pips in sniper entry

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.