XAUUSD Golden buy position for NY open

In this idea we have a nice opportunity to buy gold SL will be at 1725 with our entry to be taken at 1729-1731 depending on what price action presents us,
First TP will be at 1750 for a little over 200 pips , second tp will be at 1775 for about 455 pips and our final take profit for this trade will be set at 1798 for a total of 695 pips
this trade idea will provide a whopping 1 to 16.8 RR

I will be monitoring price action at the time of my entry to be able to run a tighter stop and in turn be provided with a better RR

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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.

Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions