We are on a bullish run with gold and we created a support zone on the 4 hour timeframe between 1713.5 and 1716.
We can easily grab a 1:2 trade on this pair, thus until the 1741 area.
The only area of interest that needs to be broken is around 1725 we have a strong resistance area at that level
We can easily grab a 1:2 trade on this pair, thus until the 1741 area.
The only area of interest that needs to be broken is around 1725 we have a strong resistance area at that level
Comment:
So Gold almost went for our tp area, this trade should have been on break even when we nearly reached the target. No loss if you did so, otherwise this is something you should improve in the following trades