meister_keith

1436.00 is the next stop

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
H4 was pushing price down to retest 1416.00 before pushing up to 1436.00.
I waited for a confirmation of rejection from support before taking buys.
Once price had broken above 1420.00 and closed above this was my signal to buy but first i had to wait for a pullback into 1419 then i bought.
The idea was to hold to the first resistance level at 1427.00 then see how price reacts to this level to hold it to the next H4 level.
I know gold to play around a lot so i closed my trade early @1424.50 for 60 pips.
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