Long

How to trade Gold in this consolidation Phase!!! Buy Opportunity

Updated

Last week the volatility was low. we could see any big moves but still price action remains valid. so the outlook of next week is still to upside untill further break of structure that will invalidate the trade. make sure you use proper risk management. At lease 3% to 5% to avoid getting liquidated and Maintaining your composure in the game!!

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Trade active

we already see nice rejection and nice entry and momentum to upside

Note

Order cancelled

we had a wonderful drive phase to upside before rejecting the resistance around 1955 level thats why i recommend people to manage their risk and take partial profit or move their stop loss to break even. gold didnt hit our target but it went as expected 27 pips before hitting our stop loss. next time i will put profit targets in several levels

ShinForex1

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