Coming off some higher timeframe structure, Price seems to be losing momentum to the downside. I've been watching this opportunity for a while. See previous posts regarding Gold and looking for an opportunity to go long. Watch the comments for updates.
Trade active
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Long entry at 1273.50
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second entry at 1275.50
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1273.50 was trail stopped out at 1R and the 1275.50 entry was taken off at 1278. I just entered long again at 1274.
1hr chart. Just went long at 1274. This level has to hold for me to still entertain this idea. If we break and hold below I'll reanalyze this weekend and see where the news takes it.
dlbsanborn
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Moving nicely
dlbsanborn
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15 min. chart
dlbsanborn
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1hr & 15 min. chart update. Price has penetrated the zone and is currently retesting it on lower timeframes.