bandit1111

possible 1:4.8 RR on Gold buy idea

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Ive had my eye on gold watching the bearish movement waiting for the market to show signs of exhaustion and now i can see a possible double bottom about to play out the line at 1943.26 is from when i drew out my fibs to see where a 50 percent retracement would be ,id like to see price drop from here as my 1st confirmation a little bit over is okay but not more then 1945.36 if it goes higher it would invalidate the set up for me personally. After first confirmation the second would be price respecting the support area i drew out in which i would then buy. TP SL and entry is all on chart. Good luck traders, let's see how it plays out
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.