Gold - Long XAUUSD - continued trades long - watching closeHello all - DuncanForex here with a new trade idea.
With Gold cycling higher on the 1 hour chart - I will enter if the high of the last 1 hour bullish candle that has just closed is broken.
I will be watching it closely when it gets to the 1420 level
It may drop as it is at extreme highs - reason for watching the 1420 level is that the market gapped near here following the FED news yesterday .
Therefore it may get to this level and then roll over and head lower for a retrace before going higher
1 hour entry - therefore 1 hour trade management.
DuncanForex.com coming imminently
Thanks for looking
Duncan
