XAUUSD Gold Bullish Setup Swing Trade XAUUSD is Starting to gain it's bullish strength again.
My following setup requires Gold to break clearly above the 2KUSD level.
Make a retest of it's resistance after breaking thru the structure clearly.
I reckon placing a buy limit when XAUUSD has broken thru it's resistance, as a retest will likely occur.
SL can be placed bellow demand zone or below it's lower fib level.
TP at little below it's latest highest resistance as it will be a major selling area.
- David van Delden
Bullishxauusd
XAUUSD : Double Bottom Long Setup !You can make money with simpler setups also, its not that only complex setups like Elliot wave theory, harmonics only make money. Simple setups also win, from complex setups to simple setups everything has different win rate. The point is simple setups also win.
We have support zone in XAUUSD from 1320's to 1323's, and potential double bottom formation. So if we get valid bullish confirmation we can enter long positions, currently we have perfect Doji formation touching the Support zone. Plan your trade Guys !
Happy Trading !