CandleHolder

38.2 fib retracement on the hourly chart.

Short
CandleHolder Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
2
The blue line will be my pending sell, mainly because that is the 38.2 level of fibonacci. It may wick the 50% level shown on the chart currently, but gold is going to come down this week. I may ride it all week on a small lot! DONE RISK MORE THAN 10%!!!

My first take profit will be 1332.29

next will be 1328.00


my last will be 1310.00 for very long term!


Thank you guys for looking.
Comment:
Looks as if it may reverse now. Which is fine too. Im going to enter a .10 lot.
Comment:
Its looking good so far guys!
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.