"Long Setup" XAU/USD (Gold) by ThinkingAntsOk
As we can observe, price broke the Bullish Corrective Structure that was built after breaking the Descending Wedge.
We are taking long positions here with the following parameters:
- our stop loss placed below the Descending Trendline of the Wedge and the Support Zone.
- our target price on the Weekly Resistance Zone.
Our 4 hour Vision:
We are taking long positions here with the following parameters:
- our stop loss placed below the Descending Trendline of the Wedge and the Support Zone.
- our target price on the Weekly Resistance Zone.
Our 4 hour Vision:
Trade closed: stop reached
Price broke the Support Zone. We are waiting new structures before looking for new setups on XAUUSD.
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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.
Related publications
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.