Gold - great upside potential?
XAUUSD is still inside a major upswing that is currently consolidating above the Median Line of the upsloping fork + above the recent tops of a range, that was broken up a few weeks ago. The stall above the ML gives us a decent entry with a great R2R ratio, with the stop being below the ML and recent tops in case of a overshoot/backtest.
Trade is Long Gold cmp (1387)
Stop Loss: 1353
TP: 1528
One should never risk more than 4% of his/her account.
Thread carefully,
Nick
Trade is Long Gold cmp (1387)
Stop Loss: 1353
TP: 1528
One should never risk more than 4% of his/her account.
Thread carefully,
Nick
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