Don't watch any charts below weekly let the dollar run for now and let Gold come to us.
Buy At 1250 stop below 1200 with a minimum target at 1375. 2.5 Risk/Reward
- 38% Retracement of the whole rally from 1050-1375
- Only $50 risk from the invalidation point of the uptrend @1200 (circled low)
- I drew an imaginary to estimate the angle of the trend.
angle is important to me, I want to see our uptrend moving higher at a stronger angle as opposed to the red downtrend line.