$XAUUSD - Looking for a bounce off this level

Gold has been consolidating nicely. I'm eyeing a long entry around 2315, a key support level. If it holds, we could see a push back towards 2350.

$XAUUSDLONGopen

Entry

2315

Stop

2308

Target

2350

4 comments · 6 points

4 Comments

NTu/news_trader_max·2mo

Think it can break 2350 this time?

STu/smoke_tester·2mo

Good call, 2315 has been solid support.

GLu/goldbug_lena·2mo

Risk/reward looks decent on this one.

CCu/chart_chai_th·2mo

Careful, NFP next week could shake things up.