GOLDUSD buy idea H2 RR=4

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
110 0

Stochastic indicator shows that we are in oversold zone. We have a big bullish engolfing candle and a double bottom pattern in formation at potential reversal zone a previous key level (shown in red) . Price might go up to test the last swing high and form a cypher pattern .For a buy at 132191 , TP at 1340.9 and SL at 1317.2 you get a RR ratio of 4
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