XAUEUR – Dynamic Support In Play, Holding My Longs | Apr 28

XAUEUR – Holding Stable Above 20 EMA & Dynamic Support (daily chart)
As we talked about in our weekly commentary, we’ve been bullish on gold vs. the EUR lately and after a few days of low activity, the precious metal has gained strongly today.

Notice how the daily 20 EMA and dynamic support has held the PM for the last 7 days. I’m currently long and in profit as you can see below.

live price action trade xaueur 2ndskiesforex

Above 1125, we should be testing the yearly highs around 1155. Beyond here we have 1200 and 1255 so continue to look for longs on weak corrective pullbacks.

Only a daily close below 1064 would negate my bullish bias. 


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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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