Gold Spot / U.S. Dollar
Long
Updated

Buy Position (REWARD 9) opportunity on GOLD 1H

121
XAUUSD

As you can see
Gold is on a important level on weekly time frame.
Which could hit the last ATH and then rest for a few weeks/months.
So that now we can take a Buy Position on 1H time frame to the new ATH (Minor Extreme mentioned as EX.i).

Its Reward to Risk is about 9 to 1, But it's better to save some profits after Reward 2-3 and higher.
In other words, the more rewards we get, the less position size we should have.
Make Sure You Have a Good Partial Exit Plan.

"KEEP CALM & OBEY YOUR PLANS."

I will update Bitcoin regularly.

Happy trading..
Cheers,
Aurio

#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC BTC
Note
Update: Reward 5.6 Achieved. :)
Trade closed: target reached

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.