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Lilie-Lily
May 1, 2018 11:54 AM

Wait for final pullback  Long

Gold / U.S. DollarFOREX.com

Description

Long Bias - Expecting pullback 1277-1270
~ SL below monthly Support
~ Daily Timeframe

Trade active

1270 Triggered
1268.30 SL

Comment



As we can see above screenshot, price broke sub trendline but cannot break monthly support atm. If price trading below monthly support, possible for gold to retest major support at 1241.

Comment

Gold must sustain above 1277 to continue bullish

Comment



Hourly one still cannot bypass 1277 for today action

Comment

My concern for today 1279.49 since we have offer at this level.

Comment

Hit SL 1268.30. We break monthly support at 1269.

I'll stick to this plan

Trade closed: stop reached

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