Primary Trade Setup
My analyzes are far away, but they are low risk businesses and, potentially, higher profits. If gold reaches this area, it would be a 61% retracement. The trends have to end and that's where we look for the price action.
Secondary Trade Setup
If the price decides to fall already, then it would be respecting 31% of fibonacci which is also a good area. We expect a retest before entering.
My analyzes are far away, but they are low risk businesses and, potentially, higher profits. If gold reaches this area, it would be a 61% retracement. The trends have to end and that's where we look for the price action.
Secondary Trade Setup
If the price decides to fall already, then it would be respecting 31% of fibonacci which is also a good area. We expect a retest before entering.
Comment:
144 potential pips from the first entry.
Comment:
potential 300 pips