Gold - Buying dips within bullish formation
Updated
Trade Idea
Previous resistance located at 1439.
The rally was sold and the dip bought resulting in mild net gains yesterday. Broken out of the triangle formation to the upside.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
We look to buy at 1405
Stop: 1392
Target 1: 1435
Target 2:1450
Previous resistance located at 1439.
The rally was sold and the dip bought resulting in mild net gains yesterday. Broken out of the triangle formation to the upside.
The medium term bias remains bullish.
Preferred trade is to buy on dips.
We look to buy at 1405
Stop: 1392
Target 1: 1435
Target 2:1450
Trade closed: stop reached
Triggered stop after NFP
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