faris.makki
Long

Long Gold Opportunity

FX:XAUUSD   Gold Spot / U.S. Dollar
It appears that gold is near the end of a simple looking ABC correction, which is likely to end at around $1313. Or could extend to the previous low near $1300 and begin the rally from there.

My long term target for gold is much higher, due to both technical and fundamental reasons, than the target for this particular trade. (So I may have a bullish bias)

Buy: 1314
SL: 1299.0
TP: 1347
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Risk/Reward: 2.8

Comments

Hi. I bought at 1338 and I Am like you. Waiting on it to push up to 1350 or higher.

Is this still valid?
Reply
faris.makki RAMbelhaj
@RAMbelhaj, Yes I believe it's still valid, luckily the scenario is similar and the target is similar. I thought we might visit 1297 first but it seems we're heading up so far. I'd say hold
Reply
RAMbelhaj faris.makki
@faris.makki, thanks Faris
Reply
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