I will buy at Pull back @1202 and set stop loss not far from entry point if compare with reward.
Many time when the gold price is in the ending stage of trend and prepare to change the trend, It always break the trend line and pull back then continue going to the new trend.
So If I buy at pull back, I will take low risk. The price possible to go up to TP1 below Fibo.23.6%. And If the price is confirmed to change to up trend, It is possible too to go to TP2 Below FIBO 38.2%.
Hopefully I got Luck.
Comments
jeanbaptiste.laurent.94
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I belive that if the 1220 area breack it should be quick up to the 1250 area but we may lack the volume today , especialy if us come uot with good figure