XAUUSD Long / Buying the short-term dip
The video explains well why I am long on XAUUSD.
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Im expecting that this bullish flag pattern will work out.
Firstly, price has tapped the 61.8% of the recent high to the recent low, and in my book (system) that is a strong potential of bulls.
I've actually taken some fresh trades based of the 2m chart recently, as I think we could continue out of the blue level soon!
Firstly, price has tapped the 61.8% of the recent high to the recent low, and in my book (system) that is a strong potential of bulls.
I've actually taken some fresh trades based of the 2m chart recently, as I think we could continue out of the blue level soon!
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Forgot to add this support, whcih lines up perfectly with 61.8%.
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OK, here we go!
10m chart, trendline + RSI and 30%!
10m chart, trendline + RSI and 30%!
