Target reached! Now we see the price action whether the price 1246 can be a strong support.
Our reason to buy this pair is very simple, trend-line, we do not know how far the price can go up, maybe 1246 as I show it (Daily MA50 & MA200) or even test the last highest price that is at 1291. quite a lot of resistance hinders The gold price to go up, but as long as we have a good entry, and consistent with our trading plan, then hopefully the best happens.
if the price 1258 broken then we could see 1295 re-test.
Viola! The price 1258 proved to be a strong support and bad nfp news results caused the gold price soared to 1278! The second target may soon be reached.
Target profit 2 is reached. Cheers!