Gold Spot / U.S. Dollar
Long
Updated

GOLD XAUUSD - Long idea ! Range play trade

291
Range play trade - Buy idea! This is an aggressive trade with high risk, hence the tight stop-loss.

Targets: TP at 2333, 2340, 2360.

The trade is based on the premise of buying at the bottom of the range after previously buying below this range (marked in purple)

Heed your DD!
Note
SL moved BE
Note
TP1 at 2333 met for traders that did not move SL to BE.
snapshot
Trade closed manually
Exit or risk management strategies is recommended here, this level is middle of nowhere,
Trade active
Being caught in the middle of nowhere during a bear market takeover can be disastrous for buyers, as achieving their goals would require much more effort.

If price action permits, it is wise to prepare for potential short positions on the asset.

Potential fast markets are incoming. I may not be able to post updates, but I will if possible.

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