melikatrader94

xauusd (gold)---> two long positions

OANDA:XAUUSD   골드 스팟 / 미국 달러
hello guys...

xauusd is in a bullish trend, why?

  • the cup and handle pattern

  • there is an ascending channel and breaking up that once

  • a hunting level on the opposite side (the green area)

  • breaking up the last higher high


now, what we should do?!

in my opinion, there are two scenarios,

the first one is to get a long position after the price breaking up the handle

the second one is when the price retraces to the green area and then get a long position, it up to you!


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