FX:XAUUSD   Gold Spot / U.S. Dollar
725 8 24
HIT MONTHLY RES OF 1370.00 PLENTY OF REJECTION AROUND THIS LEVEL TOO
POTENTIAL REVERSAL NOW
RR 1:3
TARGETS SHOWN AS BLUE LINES FROM STRUCTURE
WANT TO TAKE ADVANTAGE OF THIS LITTLE SHORT
GOLD-0.52% CAN MOVE FAST TOO SO TIGHT STOPLOSS
Comment: Holding shorts
Comment: Its important to note when trading commodities such as GOLD they are really volatile and trading intra day needs careful attention for changes in direction....it could mean you take 60-70percent of your target and close the trade. Such as here
Trade closed: target reached: 350 odd pips later too profit as its found support
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If I was looking to re enter for those of you that often miss the big move....look for breaks and bounces in structure for example here....keep it simple and be patient :)
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Cheers mate... I missed the entry for shorts... but have a pending long on 1310.50 (for the time being)
+1 Reply
good to have u back on charts
+1 Reply
cheers bro I've messaged you my phone is at the bottom of some pool at a pool party in croatia lol
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Nice :)
+1 Reply
cheers bro
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