Following up with the entry we took during last weeks trading at 1.3095... for anyone who missed the trade, I believe if we get a retest of the 1.3095 area this would still be a valid entry with a relatively small 25 pip stop loss to protect yourself if price decides to continue falling to a new yearly low.
Targets at 1.324 and 1.33
Nice R:R On this trade idea...
Gold has recently tapped into our weekly area of liquidity.
With the strong bullishness beyond 1400, it is more than likely in these upcoming weeks that we will see higher prices.
The next short term target will be 1425, followed by 1433
If we get a dip into 1398 this could present a nice buying opportunity. We will likely not get any sign of this happening...
Now Gold will drop in zone 1287-1292
after Pinbar on yesterday.
for scalping I sell for 50-70 pips
For medium term
1290.5 ( if don't want to miss this trend)
Set Buy Stop 1300
( if gold can't drop to that zone)
Short term target 1312
Long term target 1377 - 1477
Last trade Gold sell idea is Fail because of Trade war news and it make...