benjimock

XAUUSD COUNTER TREND LONG

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold's strong bearish run is due a pullback, price has overextended into the red demand zone , with divergence on the RSI and favourable price action giving entry for a counter trend long opportunity. Stops are place a 1H RSI below the red zone.
Comment: Closed at breakeven, I dont want to hold this overnight twice as swaps are accumulating and I think it will remain rangebound until NFP tomorrow, which means I will not be able to make it risk free before the release.
Comment: TP HIT if you held this trade + 2.12%