Gold Spot / U.S. Dollar
Long
Updated

Gold rally incoming...

Target 1260 as first TP, then 1300.
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The highlighted area has been an important supply and demand zone. Last fall's downswing took out all buys in the area, but the last rise turned this area back in a good area to go long (as shown by the brief consolidation and rejection of new resistance resistance) short term.
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Breaking prior lows, or reversal gartley?

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lmao and half the ideas on here were telling you to sell gold...put the oscillators in the trash bin folks.

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And 97% of retail traders wonder why they're not consistently making money---stop thinking like a retail trader...

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Trade closed: target reached
First TP hit. Rest to BE until price tells you it's coming back against you.
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Weekly candle rejection of supply zone. Good idea to take profits now...

Retiring this idea.

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