GreyTrades

XAU / USD Asian Session. Long. R:R - 3:1

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I expect there to be a small rally in the price of gold during the asian session, this is because the bullish technical support will maintain golds uptrend and gold will break through the descending resistance as shown on the graph. Sellers wont retain to the market until higher price points as shown on the graph Use a tight SL in order to achieve the 3:1 risk reward. Only take this trade if gold falls back to the HTF support as shown.

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