Given the bullish sentiment in gold today, and the successful breakout of the the Asian session high, we'll take a long position. Our initial target is a 1:1 risk-reward ratio, followed by a 1:2 ratio after securing some profits.
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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.