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Up trend in 1 hour chart of Gold
Monday, March 23, 2015 6:09
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Trend is bullish in 1 hour time frame. The intraday support could be seen at the price level of 1159.42 level. Yesterday, the price of XAU/USD tried to rise and then fall which looks like start of a weak bullish trend. As long as the flow of market remains up, I am interested to take buying trading opportunities. If bearish candlestick closes below 1159.42 critical support level then up trend is going to end. Hence, I might like to quit trading XAU/USD and redo the 1 hour chart analysis.
Source: http://www.fxinstructor.com/blog/up-trend-in-1-hour-chart-of-gold
