Fxprotrader

Gold: Multiple Rejections at Lower Parallel

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
The upsloping pitchfork shown in the chart is working very well, with its slope being very active, and we now have a good buying opportunity. We see that price has reached the lower parallel where we already have a rejection, a good sigh that most likely buyers are jumping in. Going long with sl and tp as shown in the chart is a nice idea.
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