XAU/USD: Another Gold long, is it the one? Great R/R
I've just entered another Gold long since I got stopped out of the previous one with partial profits.
I went long at the bottom of this corrective channel that I think we could be in.
It is of course possible that we go frurther down to test that lower triangle trendline (red arrow) so my SL is tight on this one!
Targets at previous structure levels, the 1200 round number and the last one is either at completion of a bearish bat or at the upper triangle trendline.
I'm hoping it's the one that brings us all the way up where alot of people are saying it will go! Great R/R in any case on this one so it's worth a try imo!
Part of a possible short trade on a possible bat/trendline bounce is on the chart too, I will post il later if we get closer...
I went long at the bottom of this corrective channel that I think we could be in.
It is of course possible that we go frurther down to test that lower triangle trendline (red arrow) so my SL is tight on this one!
Targets at previous structure levels, the 1200 round number and the last one is either at completion of a bearish bat or at the upper triangle trendline.
I'm hoping it's the one that brings us all the way up where alot of people are saying it will go! Great R/R in any case on this one so it's worth a try imo!
Part of a possible short trade on a possible bat/trendline bounce is on the chart too, I will post il later if we get closer...
Comment:
SL adjusted to 1143
Trade closed: stop reached
