TradingView
Signal_Centre
Jul 5, 2019 5:12 PM

Short term trade idea in XAUUSD Long

GoldOANDA

Description

Trade idea

My medium term outlook is bullish on Gold.
After the sell-off today (intraday idea was stopped), there is a nice reverse head and shoulders formation on the 15 min chart.
A break above $1400 would confirm this for me and target a move to $1414.

Look to buy a break at $1400
Tight stop at 1393
Target 1414
Risk/reward 2:1

Trade closed: stop reached

Price traded done to our stop level
More