MTayaib

GOLD XAUUSD ASCENDING CHANNEL BUY SETUP

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is in an ascending on the Daily. Currently it's ranging between 1322.950 & 1333.000 for around 90-100 pips and it may keep doing so until it reaches the Trend Line . So I will wait until it reaches the trend line unless it breaks 1333 and retests.
-WAIT FOR IT TO RESPECT TREND LINE OR BREAKS 1333.00 RETEST
-WAIT FOR A BULLISH CANDLE TO CLOSE ON DAILY (Daily candle closes at 10PM GMT )
-INITIAL TARGETS WILL BE SET AT PREVIOUS DAILY HIGHS AT AROUND 1346.00
Order cancelled: Daily reversal did not occur invalid (However, I did enter off of the hourly chart though for 80 pips)

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