CFDs on Gold (US$ / OZ)
Long
Updated

Gold In Up trend

As previously analyzed, gold continues the correction pattern and has reached the sell target (from 2647 to 2625). Currently, the price has started a motive wave (wave 5 from 3, targeting 2707).

Buy at the current price of 2664 and take profit at 2685 and 2702.
Set a stop loss at 2652 (120 pips).
Trade active
Take profit for the initial entry @ 2662, and plan to repurchase between 2652 - 2648, setting a stop loss at 2640.
Trade active
TRADE ACTIVE
Trade closed: stop reached
Sl 100 pips

Disclaimer