Gold - Short term buy with risk/reward ratio of 1:3
On hourly chart:
Stochastic is approaching oversold area. If rebounds back from this area and if candlesticks show that EMA50 would work as support again, a good opportunity for a short-term long positioning.
Buy around 1336 - SL 1332 & TP 1348. Risk-reward ratio 1:3.
Stochastic is approaching oversold area. If rebounds back from this area and if candlesticks show that EMA50 would work as support again, a good opportunity for a short-term long positioning.
Buy around 1336 - SL 1332 & TP 1348. Risk-reward ratio 1:3.
Comment:
Seems stochastic confirmed, idea shall work in case of no technical surprise.