First time looking at GOLD/USD please bear with me.
- Market close at same price as last week, which strengthen this support area. - Might be starting the 4th wave of an Elliott Wave - Then start the 5th one after bouncing off trend line + Low of Wave 1
Entry : - Below Close of 2 Last weeks
Exit : - S/L few pips above minor resistance area - T/P at 1316.00 because I love round number and I don't really know where it's heading so I'd rather secure a trade with R/R ratio ≥ 2