I was on the sideline with gold as price dropped over 100+ pips to the downside, we seen a little bit of consolidation around the 1280 area which looked to be acting as a support - my buy set up for this trade was confirmed when i saw a strong bullish engulfing on the 1hr/30min time trade, with the us dollar being weak for nfp this had pushed price for gold to the upside. this trade is now risk free as i'm expecting price to reach my tp of 1333.00 in the next few weeks, expecting a big pull back on this pair, before we continue heading to the upside
#JugFX
#JugFX
Trade closed manually:
i decided to close this pair earlier on the week as we did see that pullback fall below the 61.8 fib retracement, before heading back to the upside. Will be awaiting patiently for another buy set up on this