TylerCBrown

XAUUSD Weekly Analysis

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
So I drew up this weeks Gold chart and it looks like itll be a good time for me to enter my first long trade, I will try to stay with this trade from sunday thru friday if it seems to go in the direction i want it to go, the Stocastic Oscillator is showing a good indication of being oversold, coupling with the fact that it broke my flag wedge on the 1H and 4H charts and it is above the 50 sma for the 1W, 1D, 4H, and the 1H its giving me a clear indication of a great buy, now i do have a support and resistance on the weekly at 1935 that i would like it to break before i totally confirm the trade but it seems like this long will definitely be something to look at. Please leave feedback and let me know what yall think.
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