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DesharedPierreJr.

Counter trend Buy Opportunity On the 1H

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
DesharedPierreJr.  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Multiple Time Frame Analysis Trend Lines countertrend buygold shorttermbull 1hchart higherhigh shorttermlong intradaytrader goldusd goldtradingstrategy
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supportandresistance mtfa trendline countertrend buygold shorttermbull 1hchart higherhigh shorttermlong intradaytrader goldusd goldtradingstrategy
I believe that now is the best time to get inside for a countertrend bullish move. Gold is in a downtrend since reaching its all time high. Intraday I will spot higher highs with strength and momentum. The prior higher high was fairly strong. Price retraced to the 38.2 then began giving bullish reversal signals. My target is the major 38% retracement of a daily swing low. The entry was based on the 30min.
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