Trade of The Week | Classic Trend Line Breakout Trade 🔥🔥🔥

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

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Hey traders,

This week we caught a great long trade on Gold.

As you remember we were patiently monitoring the reaction of the price to a major falling trend line on a daily.
Being broken to the upside, we were looking for buying opportunities on its retest.

Our confirmation was a breakout of a neckline of an ascending triangle formation on hourly time frame.

GOLD (XAUUSD): Great Buying Opportunity Explained 🥇

The price reached 1900 level bringing us a nice profit!

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Trade of The Week | Classic Trend Line Breakout Trade 🔥🔥🔥

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