XAUUSD Long

Oct 16, 2018

We see from the chart price has been moving in a downtrend, recently consolidated for a bit, then broke out and is now trying to find support.

Can we see a LONG run? Let's find out.

What we would need:

• Retest of the trendline
  
• Support being shown
  
• Price Action/Candlestick Patterns
  

Markup:
The yellow vertical line is a visual of where we are trapping price.
The dotted trendline is a visual showing the break of the trend.
The solid trendline is a visual showing price respecting the movement.

Oct 16, 2018

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Oct 16, 2018

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Oct 17, 2018

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The orange line is where I assume resistance will be for the next few candles.
Still moving the direction for our setup.

Oct 17, 2018

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Oct 17, 2018

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Oct 17, 2018

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We should see a push happening here

Oct 18, 2018

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Oct 20, 2018

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Oct 24, 2018

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Oct 31, 2018

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If you view the live data above as of this comment - price is looking for support which seems like the breakout is the potential target for a setup - just as it did before!

Wouldn't that be a treat !