Taking a long position on gold after harsh retracement, I was expecting 2390 zone to form a strong support as we have broken through last night now came into my next support zone 2360 area flashed just outside the liquidity box & I am taking my entry.
Gold is extremely volatile just now, Im hoping it works out in my favour sharp down should = sharp up usually an equal and opposite reaction to a move like that.
I also can see AU,GU,EU finding a bottom after a deadly drop which should offer support to gold if they begin to climb.
Using 1% risk on this trade looking for 1:6r
Gold is extremely volatile just now, Im hoping it works out in my favour sharp down should = sharp up usually an equal and opposite reaction to a move like that.
I also can see AU,GU,EU finding a bottom after a deadly drop which should offer support to gold if they begin to climb.
Using 1% risk on this trade looking for 1:6r
Note
Full target Achieved 6r
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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.