TheSignalyst

GOLD - Potential Buy Setup - Analysis #2/50

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on WEEKLY: Left Chart
GOLD is retesting a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.

on H1: Right Chart
For the bulls to take over, we need a momentum candle close above the last major high in red.

Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
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