GOLD FOR A BUY NEXT WEEK
Price has reached demand and that major swing low/support has been already had its early buyers stopped out if that did not take profits already. I have taken them time to notate that chart for those who may have an issue understand the purpose of the big banks. this is looking like a good buy. with a nice risk to reward.
Trade closed: stop reached
man this was a great great buy. stop loss 5 pips to tight if you went with the 25 pip stop loss. all targets ended up being smashed directly after. so better to leave a lil more space between the low and your entry... great analysis overall. a win for the books for the lesson and to know we had the right idea just a too tight stop loss.
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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.