Gold Long Position
Entry: $1,862.49
TP & RR: $1,952.60 (2.56)
Stop Loss: $1,827.33
REASONS FOR THE TRADE
Gold seems to be in an uptrend according to price action and Market Flow indicator. We flipped resistance into support, so I expect the price to test that level and then continue moving up. SL is set fairly low, which is not typical for my trading style, but I want to protect the trade from any unexpected wicks. Take Profit is at the previous highest high.
Entry: $1,862.49
TP & RR: $1,952.60 (2.56)
Stop Loss: $1,827.33
REASONS FOR THE TRADE
Gold seems to be in an uptrend according to price action and Market Flow indicator. We flipped resistance into support, so I expect the price to test that level and then continue moving up. SL is set fairly low, which is not typical for my trading style, but I want to protect the trade from any unexpected wicks. Take Profit is at the previous highest high.