Price has reached the median line of an uplslope pitchfork which rejected. In a lower timeframe we may see that it's in a consolidation having reached the 0.618 fib level of previous impulsive wave. That's a good level to short gold. Stoploss and tp as shown at the chart.
Trade closed: target reached:
First tp just reached. For those who follow i suggest moving your stoploss to breakeven, at second position for a risk free trade
Trade closed: target reached:
Price has reached the second target for a 5,30 : 1 risk/reward ratio. Aiming big and moving stoploss at breakeven when in profit allow a trader to be very happy even if they he wins 50% of his trades.
