My Trade Plan: Buy Gold Long

Gold / U.S. DollarFOREX.com

Description

⋅ Nov 20, 2021 11:57 AM

I will Long XAUUSD after a successful retest around 1848.00. Risk-Return Ratio is 1:11. Gold is Risky therefore a Strict Stop Loss is intact.

Note: Do your own research before taking the trade.

Buy/Long: 1847.20 - 1850.00
Stop Loss: 1843.30
Targets: 1877.40 and 1899.85

Indicators used: Moving Average and RSI
Analysis is based on Market Structure, International News, Supply/Demand zone, Moving averages and Relative Strength Index