tonitrader
Long

Gold long, natural correction after breakdown

FX:XAUUSD   Gold Spot / U.S. Dollar
I believe in a small rallye up towards previous structures, because of the breakdown last days.
That idea was not good. Never catch a falling knife..


Risk Reward Ratio = 2,14.

To me it seems pretty likely that the market will rallye up to previous structure and close the gap (it is not shown in this chart).
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