Gold - Long triggered

FX:XAUUSD   Gold Spot / U.S. Dollar
Trade Idea

Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
The move lower is mixed and volatile, common in corrective sequences.
Expect trading to remain mixed and volatile.
Bias is mildly bullish today but we need to see a break of 1508 to confirm the upward pressure.

We look to Buy at 1497
Stop: 1491
Target 1: 1515
Target 2: 1527

The move to 1497 triggered our long trade
Updated: 2019-08-21 08:53:31
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