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Gold Spot / U.S. Dollar
Updated

XAUUSD 2H

461
Back at the channel bottom / daily support. Watching for a break or bounce, let price action be the catalyst & trade what you see not what you think! ;)
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snapshot Price could do something like this as well
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snapshot potential H&S Pattern also
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snapshot price is at the potential reversal area (supply zone).
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snapshot
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snapshot watching for a break of support for shorts down to 1308
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snapshot break of support, now retest & continuation lower is likely
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snapshot retest of broken support now acting as resistance
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snapshot
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if you have traded this pair along side of me you should be up almost 400 pips since the first call I made at 1345! : )
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300*
Trade closed: target reached
1307 hit!
Profound_Ambition
bouncebreakGoldlowerlowParallel ChannelpullbackSupply and DemandSupply ZoneSupport and ResistanceTrend AnalysisDJ FXCM IndexXAUUSD

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.
bouncebreakGoldlowerlowParallel ChannelpullbackSupply and DemandSupply ZoneSupport and ResistanceTrend AnalysisDJ FXCM IndexXAUUSD
Profound_Ambition

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.