gold
Updated
right now i find many interesting areas for gold when it comes to the long term of this market however i rather focus on shorter trades.
its obvious it has been very bullish this last months from the monthly to weekly being daily the only timeframe where it isnt showing such a strong impulse and instead seems the price is taking a breath right now, however the bullish structure still remains.
When we go to lower timeframes such 4h or 2h the price is showing a hh hl structures plus a good 61.8 in the area of 1568,00. with the mentioned confluences i wanna take this trade with a low risk also seeing the risk reward ratio is pretty much amazing. but ill keep in mind the price still can go lower and in case it breaks trough the are of 1560 and make a retest i would go short since it would mean a daily pullbacvk to keep up with the uptrend in a longer term
its obvious it has been very bullish this last months from the monthly to weekly being daily the only timeframe where it isnt showing such a strong impulse and instead seems the price is taking a breath right now, however the bullish structure still remains.
When we go to lower timeframes such 4h or 2h the price is showing a hh hl structures plus a good 61.8 in the area of 1568,00. with the mentioned confluences i wanna take this trade with a low risk also seeing the risk reward ratio is pretty much amazing. but ill keep in mind the price still can go lower and in case it breaks trough the are of 1560 and make a retest i would go short since it would mean a daily pullbacvk to keep up with the uptrend in a longer term
Trade active
still 60 pips to reach tp and already in SP
now it is just about waiting in case it comes back there still wil be earnings.
Order cancelled
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