Gold has recently began making LH & LL after positive US data, but has since recovered a lot of its losses. Although confluences for this trade are strong (resistance + trendline 3rd bounce + 78.6 fib level) i do feel as though gold could push higher. Targets are 1875 --> 1855 ---> 1843
Note
bring stoploss to breakeven when price reaches $1892Note
managed to reenter, bring sl to breakeven
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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.