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Gold Spot / U.S. Dollar
Long

GOLD Approaching Key Support

By VasilyTrader
Updated
snapshot

Gold is entering a wide zone of demand.
many gold euphoria traders will buy this level expecting 1000% growth till Christmas.

I am also will be looking for a long trade,
but just a bit more conservatively.

I will be waiting for a bullish breakout of a rising wedge on 1H chart to buy.
Stop will be below the lowest point of the wedge.

T1 - 1513
T2 - 1535

*if the market closes below the zone,
setup will be invalid
Trade closed: target reached
That’s a heat
Chart PatternsCommoditiesForexfuturesGoldTechnical IndicatorsMetalsoptionsTechnical AnalysistradingTrend AnalysisXAUUSD
VasilyTrader
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