andrew.berg

Gold tactical Reversal play near Major support

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Risk management: previous low of the day $1,1190 is key if bulls want to continue, then we have low of the day $1,182.67. Below this I am out of my tactical reversal play from major support.
First target is 8 EMA $1,208 that is tracking this trend since breakdown of wedge, then we have $1,225 as next target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.