It looks like this support is very strong. If broken can go way down. For now big trend seems to reverse. Just try to buy on pull backs.
Trade active
$70 gain from 1745 so farRisk:Reward now is around 1:1 if sl is at 1683
Can take some profits.
There were fundamental not bright news for gold this week. Janet Yellen mentioned possibility of raising rates sooner than planned.
Trade closed: target reached
I lost more on this trade shorting it from 1800 than gained :)
Anyway even small position still running, like 1/10 of all if not less closing now. The reason is it gained too much without retracement.
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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.