LearnFxJourney

18-5-2020 - 4H Gold - Monday Analysis

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price has been very Bullish since last week as it has just broken out of a Triangle formation and continues to form HH and HL. Following today's Asian open, price has continue to edge higher 1760 level and has been consolidating around this region since London's Open.

I'll be expecting further corrective move as the price is very extended IMO.

Bias = Bullish
Structure = Trending Bullishly, Expecting strong Correction
Setup = No
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.