Gold Spot / U.S. Dollar
Long
Updated

H4 double bottom @ 61.8 Fibs

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H4 double bottom @ 61.8 Fibs
Trade active
Note
The Uptrend seems to take form with the great green H1 candle closed above the trend line, which is another confirmation for a long trade.
Note
Stop loss @ breakeven. Trade is + 72 pips.
Note
If you did not take profit and closed your position yet, Please don't forget to place your stop loss @ breakeven. The market can easily drop hard to the area of 1265.00.
Note
Gold is back near our original entry forming another and bigger double bottom. if the market opens with no gap, I'd add another buy position around 1278.40.

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