GOLD- GC1! - XAUUSD - H1 - Intraday Analysis - Long

OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD- GC1! - XAUUSD - H1 - Intraday Analysis - Long

We are in a Bullish trend and also in a parallel channel in H4 . The price made a bearish correction,
but now we are expecting a bullish trend continuation.

We are waiting for a breakout of the trend line or we can anticipate the breakout and
enter Long @ the 0.786 Fibonacci Level.

Our first target will be the 0.618 Fibonacci Level and second target the 0.50 Level.


Entry: 1708.00 | Stoploss: 1703.00| Takeprofit1: 1720.00 | Takeprofit2: 1728.40 |

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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.


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