CharlieNajjar
Long

Gold - Risky and Critical Area

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Per to Monthly Chart, since 2 years Gold is moving within tight range between levels - 1350.00 - 1150.00 - since 2 years moving. Looks attractive for many traders to start short sell but very risky from this level because if any month closed above 1350.00 will go direct to 1430 - 1480.
So better to have more patience for selling and better to wait good chance for big correction and buy it for long term from the level 1250 - 1200 as an investment Forex Trading Strategies with a minimum risk
Trade closed: target reached: Gold reached the target above 1430
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