XAUUSD long setup risk/reward 4.7

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
104 4 4
I'm looking forward to see gold             1389 next week. It's nice time to buy.

TP: 1388
SL: 1305

Then it'll be a very steep and long rally down
Trade closed: stop reached
Why do you think it will be steep down after this month ?
mrLexndr albertwt
In my opinion it's likely scenario. I'll be waiting for confirmation
+1 Reply
mrLexndr albertwt
Look at weekly log chart
A strong resistance is coming. And RSI tells us xauusd is overbought
+1 Reply
albertwt mrLexndr
Ah I see,
So in this case it has the potential to go bearish this year.
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