Long
XAUUSD Buy Idea
Following an impulse, the price seems to be consolidating, possibly forming a triangle. The entry will be taken at the third touch of the triangle's support trendline when a confirmation is presented (i.e. reversal pattern forms) and held as illustrated. NB: Take what the market offers (adjust when necessary), never enforce your ideas on it.
Trade closed: stop reached
Early entry. Buys now confirmed by the double bottom reversal pattern. To enter again upon neckline retest
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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.