Gold Spot / U.S. Dollar
Long
Updated

Nice 1:7 Risk:Reward Buy on Gold!

287
Price has been retracing for the past 2 days, where i am looking to add buys at the highlighted orderblock, which was ultimatley the cause of the breaks of structure, nice risk:reward and pretty clean setup. Targeting the potential head and shoulder formation at $1807
Note
beautiful rejection, stoploss @ breakeven
Note
amazing trade so far, still quite not ready to move SL above breakeven as i am anticipating a pull back to around $1784 to form a potential inverse head and shoulders. if that is the case, will look to add another postition
Note
closed 80% @ +6% letting the rest run just incase
Note
TP SMASHED

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.