GOLD HAS BROKEN OUT OF THE RANGE TO THE UPSIDE, OPPORTUNITY TO BUY THE DIP AT ROLE REVERSAL SUPPORT. IF YOU WANT TO GO LONG THAN YOU PROBABLY EYEING THIS…

XAUUSD H1

PRICE HAS FINALLY BROKEN OUT OF THE RANGE TO THE UPSIDE. THE BEGINNING OF THE WEEK PRICE OPENED AT WM2 AND HIT WM4 TARGET TODAY & PROVIDING THE BREAKOUT. PRICE HAS NOW PULLED BACK TO ROLE REVERSAL SUPPORT. 21 EMA COULD PLAY DYNAMIC RESISTANCE. IF BULLS ARE AGGRESSIVE THEY WILL BUY OFF OF THE 21 EMA BOUNCE, AND IF NOT THAN PROBABLY BACK TO THE CENTRAL PIVOT.

2 thoughts on “XAUUSD LONG SETUP, 08 NOVEMBER 2017”

  1. joel morapedi says:

    bought at role reversal after breaking resistance

    1. Pedro says:

      Nice Joel!, I got in at the bottom of the range and added another trade at the role reversal as well.

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