Gold Long Idea 6/12/2020 1:30 AM
Updated
Fundamentally bullish gold... its paid to be
I follow trends and the trend is up as of now
Price is trading above my 1725 MQP going into pre London open this Thursday morning (night)
SL is 1715, I don't usually use SLs with over 100 pips but the upside potential on this is great it and both 1725 and 1720 could offer strong support (buy pressure) if they get there... 1720 Is an area I might actually add if the price action warrants it. {you may be able to get away with a 50 pip SL if you care about massive R:R ratios}
Targets @ 1740, 1750, and leave a runner as break of 1750 could lead to more upside
I follow trends and the trend is up as of now
Price is trading above my 1725 MQP going into pre London open this Thursday morning (night)
SL is 1715, I don't usually use SLs with over 100 pips but the upside potential on this is great it and both 1725 and 1720 could offer strong support (buy pressure) if they get there... 1720 Is an area I might actually add if the price action warrants it. {you may be able to get away with a 50 pip SL if you care about massive R:R ratios}
Targets @ 1740, 1750, and leave a runner as break of 1750 could lead to more upside
Note
Target 1 hit, going into London Session to start the week 1725 and 1730 are my short term levels
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