Gold broke the purple trend line and reach 1516 last week and then retrace back to 1480 (61.8% Fib of the previous jump).
I would say the price is still moving within the large up channcel between 1455 - 1550 but there's another resistence (the orange trend line) ahead.
Here's my trading plan:
By Gold from 1475 -1480. TP 1550 , SL 1470
I will close partial of my orders at the orange channel. The risk & reward ratio is still acceptable.
I would say the price is still moving within the large up channcel between 1455 - 1550 but there's another resistence (the orange trend line) ahead.
Here's my trading plan:
By Gold from 1475 -1480. TP 1550 , SL 1470
I will close partial of my orders at the orange channel. The risk & reward ratio is still acceptable.
Trade closed: target reached:
Target reaches. Trade close.
Best wishes for those who followed.
Best wishes for those who followed.
