Sphinx_Trading

Gold update and new long entry added to catch 180 pips

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
- Gold moved over 100 pips after breakout and hit our first two targets.
- Price made a divergence at this point and dropped 40 pips to retest.
- We can wait for the price to reach to our golden zone on fib at 1845.00 and if we have a sign for a reversal we can put another long entry with a target to 1864.00 (180 pips).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.