XAUUSD LONG - ASIA SESSION - 1:7 RR
Updated
Good Morning Asia,
Anticipating a correction on Gold today towards 2371.19.
Although price is currently accumulating, there is a clear break on the 15mins with price purging the recent low. This would undoubtedly attract more sellers in the market anticipating a continuation of the downward move. I see price moving against these sellers.
This is a risky setup but if it plays out right will be very rewarding.
Trade safe and employ the most appropriate risk.
Anticipating a correction on Gold today towards 2371.19.
Although price is currently accumulating, there is a clear break on the 15mins with price purging the recent low. This would undoubtedly attract more sellers in the market anticipating a continuation of the downward move. I see price moving against these sellers.
This is a risky setup but if it plays out right will be very rewarding.
Trade safe and employ the most appropriate risk.
Trade active
Note
I've moved my SL to BE
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