Gold is expected to go higher.. Small risk big reward. Watch.

Updated
The upside move is yet to be fulfilled. We will see if this is going to be the start of the rally up.
Comment
I will breakeven the trade +1/2pips when price reaches 1506.40.
Comment
If price go down to 1497.10, I will close the trade. That being said, I will move the trade to breakeven now.

Reason: Bearish Engulfing on 1H.
Trend Analysis

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