KnightsofGold

XAUUSD 1H - Long Idea!

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
We're going to test the long entry at this level for the first target of 1750 and above that 1765. There are two potential entry points here, one where we sit right now and one below if this is to form a potential channel.

We're going to use a tighter stop than usual on this one as if it breaks support levels it can be pushed a lot lower. Its a retracement trade so we're not looking for a to hold it too long. We'll take partials along the way and will be using smaller than usual lot sizes.

As always, trade safe.

KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.

Comments

May i enter now or w8 for 1709?
+1 Reply
@Adeel_nawaz143 enter buy now and TP:1750
Reply
So i guess the entry point for buy is 1718 ?
Reply
If this were to go down again, what would be the lowest level for reversal?
Reply
samsabrie suddenSuccess24949
@suddenSuccess24949, i Think 1717
Reply