GOLD: Bullish bias - LONG SETUP
Hi Everyone,
Just wanted to jump on here and post this idea again as it may help a lot of you.
As per my previous post, we are hopefully resuming the bullish impulse on Gold and this setup is valid!
We will keep monitoring the movements - trade smart! Use low volume and keep adding along the way to maximise your profits!
Also, see the importance of a well-placed Stop Loss. On my previous analysis, I wanted to make sure my stop loss would be below a key area - which the break of this key area would indicate that my idea and my setup were no longer valid.
The market has shown an appetite to risk with USD demonstrating some weakness this week. This could be driven by the news in China opening back up after a strict lockdown to eradicate covid - which is the fundamental analysis supporting this idea!
Let me know what's your thoughts on the next move for Gold! Are you bullish? Bearish? Still waiting confirmation?
And what are the areas the price will reach?
Thanks!
& Good Luck!
Gaspar_Trader
Just wanted to jump on here and post this idea again as it may help a lot of you.
As per my previous post, we are hopefully resuming the bullish impulse on Gold and this setup is valid!
We will keep monitoring the movements - trade smart! Use low volume and keep adding along the way to maximise your profits!
Also, see the importance of a well-placed Stop Loss. On my previous analysis, I wanted to make sure my stop loss would be below a key area - which the break of this key area would indicate that my idea and my setup were no longer valid.
The market has shown an appetite to risk with USD demonstrating some weakness this week. This could be driven by the news in China opening back up after a strict lockdown to eradicate covid - which is the fundamental analysis supporting this idea!
Let me know what's your thoughts on the next move for Gold! Are you bullish? Bearish? Still waiting confirmation?
And what are the areas the price will reach?
Thanks!
& Good Luck!
Gaspar_Trader
Trade closed manually
L.G
