XAUUSD (Gold) Bullish Set Up
In late September we seen price 6.4% which took out the immediate lower high @1690.00. After seeing that I knew we were transitioning into a bullish market. I took a long position at 1630.500 and secured 2.74%. I'm currently swinging this position because price took out the lower high at 1645.700 that allowed me to profit 2.74%. Currently price has been retracing down into the 1634-1619 area where I intend to see buyers regain control. We do have a lot of fundamental data coming this week so definitely be on the lookout. I have a buy limit set at 1629.950 hoping to see price retest previous highs of 1675 and push through towards the 1690 area!
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