FX:XAUUSD   Gold Spot / U.S. Dollar
202 2 8

1243 is a very strong pivot point , if u look at the charts we bounce off this 7 times this year!

i long from 1243
Comment: my target is 1270-1280
Comment: Stop loss 1239 hit
Comment: This retracement was bigger than expected. As usual use $3-4 sl when trading my ideas. Ty.
Comment: we managed to hit the trend channel low that i have drawn though. i am looking to buy soon again.
Comment: this retracement is exactly 61%
GM and good call. Are you familiar with the Square of Nine? I am curious as I am looking for someone I can bounce ideas over with and exchange Q&A.

As an example the 1243/1251/1260 PP or Turning Points are a few examples of the recent period in gold. Let's see the 1243 hold and then take 1251 out on the way back up. I am in on the breakout thru 1251 if 1243 holds. My exit point is 1260 for half and then let the price action dictate the balance.

I like pivot points!!
Loii PP-Guy
thanks. i pm u
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