Bullish Gold USD

7 May 2019

Price coming off double bottom.

Anticipating this is May's low. Looking for price to create additional monthly range towards upside.

Looking for an aggressive move away from these levels to establish new support level within May.

Anticipating monthly close to meet or exceed prior month high.

We have a few kicks at the can here so it's worth being patient.

0.5% or 1% risk - stop loss below current month low = prior month low.

XAUUSD

8 May 2019

Not

Not quite ready to break higher.

Looking for a strong reaction away from the support line drawn on the chart. If close below I will exit all my open positions and wait for the next setup.

Price reached 50% of prior week's range. Up candles look to be weak and seem more like retracement candles in a downtrend....