Gold XAUUSD Long - 3 : 1 Win vs Risk Ratio
Hello all
I am looking to take another long trade in Gold.
After a good week last week, I think there is potential for Gold to continue to cycle higher, especially whilst Indices are at their highs.
I am looking for an engulfing candle in this area to show bullish signs, RSI is at the oversold level
It is at Support which was resistance that was broken through last week.
If it can start to cycle higher at 1281 area - I am in
Overall , keep in mind that gold has been in a down trend overall for the past 10 weeks and has printed lower highs than when compared to Feb 2018, therefore overall this could go lower in the end.
Thanks for looking and lets see how this plays out.
Duncan
I am looking to take another long trade in Gold.
After a good week last week, I think there is potential for Gold to continue to cycle higher, especially whilst Indices are at their highs.
I am looking for an engulfing candle in this area to show bullish signs, RSI is at the oversold level
It is at Support which was resistance that was broken through last week.
If it can start to cycle higher at 1281 area - I am in
Overall , keep in mind that gold has been in a down trend overall for the past 10 weeks and has printed lower highs than when compared to Feb 2018, therefore overall this could go lower in the end.
Thanks for looking and lets see how this plays out.
Duncan
