"XAUUSD GOLD - BUY setup" by trader Charlie50Bowden — published 2017-02-28

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Long

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

Gold XAUUSD xauusdlong

gold xauusd xauusdlong

Gold is currently channeling nicely around the 1250 mark. Potential for a new long position after the recent retracement to 1250.

Await the 1hr candle to close above 1250 (key psychological level) and above the longer term trend line . Price should see 1260 again.

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