POTENTIAL GOLD POSITIONS. LONG (~1080) AND SHORT (~1130)

Gold has been trading lower and lower for a few years. It reached highs of 1900 and has since then fallen to recent lows of 1070.

Whilst I am looking to buy and hold NASDAQ:GOLD at bargain wholesale prices (~$1,000/oz), I will look to take short-term opportunities on the short and long sides.

I believe prices should bounce between these levels.

Long opportunity:
EP: 1085.00
SL: 1075.00
TP: 1130.00
R/R: 4.8:1

Short opportunity:
EP: 1132.50
SL: 1135.50
TP: 1085.00
R/R: 15.8:1