I have a long bias on
XAUUSD
There are some points on which bases I made my bias on gold:
-Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably.
-Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout.
Plan:
GOLD LONG:
Entry: 1754.4
Tied SL: 1748.6
Ideal SL: 1746.4
TP1: 1759.8
TP2: 1765.3
TP3: 1770.3
TP4: 1775.9
TP5: 1782.5
Trade your levels accordingly.
Your feedback would be appreciated.
Best of luck!
XAUUSD
There are some points on which bases I made my bias on gold:
-Firstly, if we go on a daily TF we can clearly see the dow theory giving a long signal by breaking the LH, the triple bottom neckline breakout made a HH and retested it and will make a new HH most probably.
-Now on an hourly TF we can see and little descending trendline breakout and kind of double bottom neckline breakout.
Plan:
GOLD LONG:
Entry: 1754.4
Tied SL: 1748.6
Ideal SL: 1746.4
TP1: 1759.8
TP2: 1765.3
TP3: 1770.3
TP4: 1775.9
TP5: 1782.5
Trade your levels accordingly.
Your feedback would be appreciated.
Best of luck!