I've identify a reaction zone with could be seen as a Higher Low if we reject it to continue the overall uptrend on bigger timeframe.
The R:R with this trade is really good wich is the reason why I took this trade with just a study of previous reaction in this zone.
I will give an update when I close the trade.
I've put 2 TP's that are the next resistance zones
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 ,
