Gold (XAUUSD)Long
Xauusd breakdown, and out look
14th of October 2021
Identify, plan and trade:
It's important when looking for a trade to follow a strict plan.
IDENTIFY: We have identified GOLD in line with our trend strategy.
LAN: The 4hr chart on Gold shows the price breaking out of the key range after the recent CPI data. The USD index is falling and giving gold prices a boost. If the price retests the previous range, we could see a continuation of the bullish move.
Identify, plan and trade:
It's important when looking for a trade to follow a strict plan.
IDENTIFY: We have identified GOLD in line with our trend strategy.
LAN: The 4hr chart on Gold shows the price breaking out of the key range after the recent CPI data. The USD index is falling and giving gold prices a boost. If the price retests the previous range, we could see a continuation of the bullish move.
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