TraderSQUAD
Long

Gold Bullish Bounce

FX_IDC:XAUUSD   GOLD / US DOLLAR
Gold             has seen consolidation between $1200 and $1285. $1212 is the 76% retracement of the range.

Looking to buy $1230 for $1260 (4.9:1 reward:risk)
Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4)

In reversal, 3x sell for break even and profits into $1213.
Comment: Half position closed at $1245. Expecting 5th Wave to complete

snapshot
Comment: Trailing stop set at $1240
Trade closed: stop reached: Trade closed at $1240

Market subsequently higher at $1255
Badly set trailing stop, lesson learnt

1/2 trade closed @ +$15
1/2 trade closed @ +$10
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