XAUUSD - Long Play
Updated
We have the 1st Long of the year coming off a win with out first trade of the year - It's a bit of a risker one but lets see if we can keep it going.
Currently since were in an accumulating range it's a risker set up. However, there's some nice confluence within the micro structure.
The possible MA crosses along with the break and retest of the trend line shows some possible bullish price action, we also have the second touch off the ascending trend line so there's reasonable points to look for some longs.
Currently since were in an accumulating range it's a risker set up. However, there's some nice confluence within the micro structure.
The possible MA crosses along with the break and retest of the trend line shows some possible bullish price action, we also have the second touch off the ascending trend line so there's reasonable points to look for some longs.
Note
15m outlook. Coming into entry.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.