Gold: Reaching For New Highs
Updated
Hey guys,
just wanted to give you an update about a nice trade we took last week. We took a buy on the first correction at the 0.61 fibonacci level as price formed a bottom from the last bearish move. A weak bearish trend line was broken and price respects last price zones (marked in grey boxes) on its way up. We are currently up +170 pips on this trade, looking for the whole swing back up or at least a bigger correction. As always we will keep you updated.
just wanted to give you an update about a nice trade we took last week. We took a buy on the first correction at the 0.61 fibonacci level as price formed a bottom from the last bearish move. A weak bearish trend line was broken and price respects last price zones (marked in grey boxes) on its way up. We are currently up +170 pips on this trade, looking for the whole swing back up or at least a bigger correction. As always we will keep you updated.
Trade closed manually
Closed a few days ago with +180 Pips. Idea will be updated today.
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