Gold has Likely bottomed out for this month

Long

Or / Dollar Américain (OANDA:XAUUSD)

OANDA:XAUUSD Or / Dollar Américain

Support and Resistance Trend Lines Candlestick Analysis reversal goldlong intradaytrade bullishsetup retest higherhigh nakedtrading supportandresitance xauusdlong

supportandresistance trendline candlestick reversal goldlong intradaytrade bullishsetup retest higherhigh nakedtrading supportandresitance xauusdlong

I decided to go long on gold immediately after receiving a reversal candlestick at a low on top of daily support. This candle also provided bullish volume after breaking a trendline and creating a new high. Price is now on the buy side of a strong trendline as well as the buy side of a strong support. I look forward to adding an entry upon a reversal candlestick at the retest. At the end of the day we're counter trend trading NOW.

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