Short term trade idea in XAUUSD
Updated
Trade idea
My medium term outlook is bullish on Gold.
After the sell-off today (intraday idea was stopped), there is a nice reverse head and shoulders formation on the 15 min chart.
A break above $1400 would confirm this for me and target a move to $1414.
Look to buy a break at $1400
Tight stop at 1393
Target 1414
Risk/reward 2:1
My medium term outlook is bullish on Gold.
After the sell-off today (intraday idea was stopped), there is a nice reverse head and shoulders formation on the 15 min chart.
A break above $1400 would confirm this for me and target a move to $1414.
Look to buy a break at $1400
Tight stop at 1393
Target 1414
Risk/reward 2:1
Trade closed: stop reached
Price traded done to our stop level
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