Mohamed_Kabesh

GOLD Buy Idea

Long
Mohamed_Kabesh Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
GOLD Buy Idea @ Daily Demand Zone (1229.91 - 1217.14)

Buy Limit: 1227.48
Stop Loss: 1244.25
Take Profit: 1215.83

Expiry 1 month

Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3

Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level

Close partially the contract once it reaches 80% of the profit
Comment:
Correction:
Buy Limit: 1227.48
Stop Loss: 1215.83
Take Profit: 1244.25
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