Hi everyone! Here is my idea about the gold based on my trading system. The price bounced from MA50 which is the support level, other indicators confirm the reversal, MACD and RSI. Stop Loss is placed below the LOW (1205.00) and the Target is Up Bollinger Band (1275.00). Enter level - 1223.00!
Trade active:
We are in profit now, but the price has not reached the Target Level yet. Any way we could close a part of the trade and place the Stop Loss above our Entry.
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