GOLD, Trading Plan.
Updated
I think that Gold can move up
I will open buy if the price will break up key level $1315 and will Fix above it (1hour candle is min)
Reasons:
- Uptrend
- Near that level will be low risk
- Also, price in the range. Most of the time when price break it - that move continue
I will open buy if the price will break up key level $1315 and will Fix above it (1hour candle is min)
Reasons:
- Uptrend
- Near that level will be low risk
- Also, price in the range. Most of the time when price break it - that move continue
Note
Price broke Up triangle Trade active
Trade active
I still hold buy positionGold is totally bullish
Note
Gold broke Up powerful level $1326If daily candle will close above that will be the best signal that price will continue up move till $1340 or even more
Trade closed: target reached
Gold hit goalPrice moved up 160 pips from the entry point.
Risk - reward is 1 to 5,3
I love such trades
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