Technician

Gold: Simple Long Setup

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
13
Update: Target Hit
Profit(pips)= +190
Update: Trade is active.

Based on the short term bullish trend, i am looking to long gold slightly lower, as price maintains the short term key support at 1305.00, where the latest dip was re-bought quickly, resulting in a pin bar candle. This is a simple long setup, with a not bad risk reward.

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