Gold made new higher highs last week but considering this we traded in a channel , for this week expecting to retrace back to previous levels of support at 2368/9 area which happens to be right on Fibonacci level 0.236 which we will use for entry , we are looking for a retest and rejection at 2368/9 for a take profit at 2677 which should be 376 pips , trade safe this coming week please remember that as swing trades we are using a bigger stop loss
Trade active
entered 3 times from 2640 for a total of 329 pips , level is still active Trade closed: target reached
closing out was a great buy level over 350 pips with reentry
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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.