EdTheLorax
Long

Gold trade idea

FX:XAUUSD   Gold Spot / U.S. Dollar
1630 views
37
1630 2
if gold dips to the 1193 level Monday Jan 23 buy for target 1223
with a stop at 1185.
Comment: After the price action I would move the stop down 5$ to 1180 and consider moving the bid down also.
Comment: I believe this to continue be a valid Idea.
Buy below 1193 stop 1180
After the price action, IF this trade does not get stopped, I would raise the target to 1276, with consideration for 1225 and 1253
imo -- bear trend on the track: Fed rate hike weighs, DXY double bottomed, US10Y in focus, so Fib retrac 2.618 (1176) is my focus (break U'r 1180 - soon), but we stay focus U'r 1180, 1225 long consider
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Nice !! we are at the same page ...
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