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HayatoDragonFX

XAUUSD, Daily trendline and MA-200 support

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
HayatoDragonFX  
FX:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Trend Lines Supply and Demand XAUUSD xauusdlong xauusdbuy xauusdanalysis priceaction priceactiontrading ma200 ascendingtrendline
4
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supportandresistance trendline supplyanddemand xauusd xauusdlong xauusdbuy xauusdanalysis priceaction priceactiontrading ma200 ascendingtrendline
Hello my friends,

In has been long since my last trade opportunity for XAUUSD

After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.

Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.

We might see price bounce from this support to retest 1832-1835 area.

Buy XAUUSD 1790
Stop loss 1776
Take profit 1832 (3R)

Use only 1-2% risk
Good luck
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