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TevinW

(BUY, DAILY) GOLD Swing Long To 50 Fib

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
TevinW  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Gold swingtrading buysetup Fibonacci Retracement weeklymarketsanalysis dailyanalysis
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trendanalysis gold swingtrading buysetup fibonacciretracement weeklymarketsanalysis dailyanalysis
- peak high formed from December to April
- peak low formed from July to October
- hold till price reaches 50 fibonacci retracement
- stop loss placed below 23.6 fibonacci retracement
- appropriate lot size extremely important for this - gold is pretty erratic and stop hunts are usually extreme - expect pullbacks in smaller time frames and especially once price reaches 38.2 level
- risk/reward: 1:1
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