Possible Long trade
Since gold as reacted to the 38 fib level of the whole move up from 1680, previous day closed green , it could be seen as a rejection,
SL under this demande zone
The RR is positive , Risk management is the key .
No risk no reward ,
Note
Actually the trade is in profit, and SL at break even !
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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.