Malika_Analysis
Long

PULLBACK ON GOLD THEN WE GO LONG AGAIN

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold has shown some incredible bullish momentum. On the most recent bullish move on the 4hr we can see 1-5 impulsive bullish wave cycle till the point of resistance where price is retracing bearish .
Price has the potential to reach the price level i have marked with the grey horizontal line before price moves up bullish .

I will update the analysis according to how price reacts a long the way.

Grey line - entry
Red line - stop loss
Green line - take profit
Risk on trade - 1%
RR - 1:2

Hit that follow button for more value :)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out