AlexxChan

XAUUSD Possible long setup

Long
AlexxChan Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Prices seemed to be stucked in a downwards channel. There is a good opportunity around the area 1313.50 to setup a long position. If prices head down, we can expect prices to bounce back a bit as there is a area of support and the 50.0% fib levels to hold prices.
Comment:
That drop....

Trade active
Trade closed: target reached
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.