Just entered this trade. Good risk reward opportunity. Daily price has crossed both the 10 and 50 MA, there is now a bullish 4 hour candle after a pullback. Stop: 125.65 Limit: 128 Let's see how this plays out.
I went long on Gold at 1315 as the price broke above previous resistance. Also, there was a 4 hour MACD cross above the zero line, which I like as an indicator. Stop level is at 1308. Tight stop but looking promising. Limit target 1350, as that was previous highs. Lets see how this turns out.