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Early morning Gold longs- 19Oct2021

Oleh fx_jax
  • On Monday (18-10-2021) gold price was ranging the whole day from Asian to NY session.

  • On Tuesday (19-10-2021) gold prices started to show a bullish trend.

  • During Pre-London a week resistance was formed over a 1hr time frame.

  • Waited for the price to break above (bullish trend) the 1hr previous wick high before entering longs.

  • SL below the previous 1hr wick low (-25pips).

  • Secured full position at +60 pips as the price was approaching 15min price zone also clean traffic to the left.

Chart PatternsTrend AnalysisXAUUSDxauusdlong
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