Gold break out
Updated
Gold broken past range after finding support at 1185.
Forming a bullflag, key range broken - first target is 1240, SL at 1213
High RR trade, targeting some confluence between 200ema on the 1D, horizontal resistance and the .382 fib retracement level from this bear trend from April 13th.
Position opened at 1217.
Forming a bullflag, key range broken - first target is 1240, SL at 1213
High RR trade, targeting some confluence between 200ema on the 1D, horizontal resistance and the .382 fib retracement level from this bear trend from April 13th.
Position opened at 1217.
Comment
Broken out of wedge upwards. Retestd support at 1224, nice big rejection. A good sign to go higher, and test upper targets.Comment
Trade closed at 1230 - Tweezer top forming, struggling to break past resistance.Disclaimer
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