Buy Gold after break up to 1512

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Comment: I buy first entry around 1493.53
and prepare to buy more if move into gray zone as chart below
Comment: Gold still in retracement time.
Please use suitable money management.
and don't take high Risk.
when Loss will small and Big win .
Comment: buy more second entry 1490
if below red line i will cutloss
( Now Gold still bearish don't over trade.)
Comment: Close first entry in a little profit
Comment: Move sl of second entry to be
or partial close with 40 pips profit.
and let remain run as it can
I don't sure gold can go to TP point or not
because retracement zone it is unpredictable,
Hope you can profit but this idea drawndown is high. next time I will try again.
**** Important Seller still control this game , we should beware of buy position.
Comment: Break Thick black tl form H&S inverse
in TF H1
Trade closed: target reached
great analysis!
+1 Reply
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