Bullish Gold USD
Price coming off double bottom.
Anticipating this is May's low. Looking for price to create additional monthly range towards upside.
Looking for an aggressive move away from these levels to establish new support level within May.
Anticipating monthly close to meet or exceed prior month high.
We have a few kicks at the can here so it's worth being patient.
0.5% or 1% risk - stop loss below current month low = prior month low.
XAUUSD
Anticipating this is May's low. Looking for price to create additional monthly range towards upside.
Looking for an aggressive move away from these levels to establish new support level within May.
Anticipating monthly close to meet or exceed prior month high.
We have a few kicks at the can here so it's worth being patient.
0.5% or 1% risk - stop loss below current month low = prior month low.
XAUUSDNote
Not quite ready to break higher. Looking for a strong reaction away from the support line drawn on the chart. If close below I will exit all my open positions and wait for the next setup.
Price reached 50% of prior week's range. Up candles look to be weak and seem more like retracement candles in a downtrend....
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.
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.