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Gold Spot / U.S. Dollar
Long

GOLD (XAUUSD): Great Buying Opportunity Explained 🥇

By VasilyTrader
Updated
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Hey traders,

For those of you who are looking for buying opportunities on Gold,
I have a great trading setup to share.

The price recently retested a strong horizontal structure support.
Then the market formed a tiny ascending triangle formation on 1H time frame.

To buy I waiting for its horizontal neckline breakout (1H candle close above).
Then buy aggressively or on a retest.
First goal will be 1878.5

In case of a bearish breakout of a yellow zone, the setup will be invalid.

❤️Please, support this idea with like and comment!❤️
Note
Check my new idea on Oil:
Crude Oil (WTI): Bearish Breakout Confirmed? 🛢️
GoldgoldanalysisgoldideagoldlonggoldtradinggoldusdSupply and DemandSupport and ResistanceTriangleXAUUSD
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