Trend is clear. All yellow lines are parellels. Low risk high return oppurtunity in my opininon. If trade fails, I am gonna look for buy position opportunity at 1865, if 1865 doesnt hold, it is the end of gold we go to at least 1798.
Disclaimer: This is not a trading advice, Please do your own analysis.
Trade active
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Trade active at 1878, 3$ SL, after 5$ profit, move it to open price. TP 1950
Trade active
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I dont see strong buyer movement so, I moved SL to open price early, no risk trade, time for coffee.
Comment
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It did move up 5$ anyway. Use trailing stop 5$ now. Do not forget, today CPI data is coming.
Trade closed manually
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Price is moving in little triangle between descending channel and ascending channel, price didnt moved as I expected unfortunately. I closed my position at 1880 with 200 pips profit.