gumtree116

Gold Approaching D1 Resistance

Short
gumtree116 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Price is approaching the origin (Red rectangle) of the impulse move down of late February.

Reason for trade: 1st rounded retest of D1 OB
R:R: 2.63
Order cancelled:
Trade idea was right but unfortunately the front run spoiled it. Order was not filled but price moved towards anticipated direction and hit my target. Onto the next trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.