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thxndi

GOLD - Long Positions coming into play

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
thxndi Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci Trend Lines Candlestick Analysis Gold LONG longsetup Fibonacci Retracement fibextensions nfp XAUUSD xauusdlong
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fibonacci trendline candlestick gold long longsetup fibonacciretracement fibextensions nfp xauusd xauusdlong
Longing XAUUSD based on a fib pullback to 618 level. Looking at long positions, with entry at 1295 till 1345. Will be analysing price action before any entries.

Expecting this trade to go up to 1.414 or even 1.618 on fib extension which will allow us to bag a nice 500 pips +

Happy Trading.
Trade closed manually:
Looks like first target is reached. With DXY gaining strength from NFP on Friday, my bias on this has now changed to short positions for the coming months.
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