Paul_K

GOLD - Mean Reversal

Short
Paul_K Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Hi Traders,

there is nice mid-term opportunity on Gold.

There has been a strong range. It has been broken UP and then the price has reversed back to the mean. It has all happened on strong resistence.

There is still enough place to play this situatio. But with larger stop to be able to adjust the trade to new price action.

I will let you know.

Paul
Trade closed manually:
OUT on 3/4 SL.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.