wilfredchong

My point of view chart, buy gold

Long
wilfredchong Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
NOTE: 1HR chart analysis, apologies to my poor English, first time publishing my idea.

Expected to be a buy due to the prices had drop and reach the bottom part reaches the LOW price of 3/12/19 (UTC +8).
Below 30.0 RSI also an issues toward getting a buy. (NOTE: lower risk in buy)
A retracement/adjustment of the price might occur due to a big sharp drop even is affected by Non-Farm Payroll news. (Trade war still ongoing)
*Tight stop loss is needed
Long term I stick with Short

Entry: 1460 ~ 1450
TP1: 1468.27 TP2: 1473.15 TP3: 1476.80
SL: 1442

Happy Trading, feel free to leave comment and have a discussion together. ^_^ (Is just my point of view)

Trade closed: target reached:
Can start to close when RSI starting to reach 50 for lower risk.
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