OANDA:XAUUSD   Gold Spot / U.S. Dollar
5
We've seen this pair break out 4H trend-line and it seems that it's going to be following it's original trend. We did have a small pull-back but it seemed to have rejected from our 4H trend-line. (So I am still in a Bullish bias; unless it would have closed -BELOW- I wouldn't have anything to worry about). My 1st area of profit is going to be a Minor 1H Resistance that has caused some what of a trouble for this pair for the past couple of days.

Even though I am in a -BUY- I am not excluding the fact of a bearish movement (But I would need some confirmation); I would preferably like to ride this pair all the way up to 1275.00 or even 1285.00 which are some key areas of profit.

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.