Gold targeting 1639+

By OwenMohd

Updated

As per setup. Good luck.

Note

Range is 1639-1649. On the outside chance no pullback there then 1711-1717.

Order cancelled

Chance of hitting SL is high. Cancelling this trade

Trade active

Trade back on LOL. SL at 1540 low.

Note

Regarding the above:
I had to cancel then re-initiate this trade because today was NFP apparently. I don't trade the news because my trade entry setups usually doesn't appear during news times. My initial long position was suppose to fill at 1539 but gold missed it by $1. That's why I cancelled initially and went back in on the retest low. SL at 1540 is very good RnR too.

Note

This region will give confirmation for continuing uptrend towards 1639 TP

Trade closed manually

As per above chart update, gold is back into consolidation. Too early for break 1611 high position. So: I TP’d half long positions and shorted 1557. Short potential is 1548 to 1515.

Note

For those interested shorting:

OwenMohd

Also on:

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