GOLD - Trio Retest!

1 Mei

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈After rejecting the $3,500 round number and upper bound of the wedge, XAUUSD has been in a correction phase trading within the falling red channel.

📚 As Gold approaches the $3,100 - $3,150 support zone, I will be looking for buy setups on lower timeframes as it is the intersection of three rejections:

1- The lower bound of the falling red channel
2- The lower bound of the rising orange wedge
3- $3,100 - $3,150 support zone

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

21 Mei

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