GOLD EXTENDED RETRACEMENT - NEW LAUNCHPAD
Looking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm.
I am waiting for a retest of the resistance around the $2400 price.
I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries.
First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven.
Full take profit at $2072.50.
Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold.
Let me know your thoughts, are you looking for buys or sells?
I am waiting for a retest of the resistance around the $2400 price.
I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries.
First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven.
Full take profit at $2072.50.
Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold.
Let me know your thoughts, are you looking for buys or sells?
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