I’m ready to look for long opportunities on gold (XAUUSD)

Written by Raul Lopez on . Posted in Trades & Analysis

Last week I write about Gold, it was on its way down and I was expecting two things:

  1. waiting for it to reach the next long term support level and
  2. get rejected from it.

Guess what? It just happened.

It looks like GOLD (XAUUSD) was rejected from the main LT support level and should be ready to continue its way up.

This is how the daily chart looks like:

What do you think? Are you trading it?

Let me know.

Cheers,
Raul Lopez

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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