GOLD longs look primed and ready, waiting for 1 more touch of the 78.6% fib to take this all the way up to the -61.8%, which also meets the last higher high at 1610.
Looking for a 500 pip gain RR 6/1.
Make sure to use a smaller lot size as gold can be ultra volatile and can wick fish your stop loss, also remember to take partial profits at the 0%, -20% and finally the -61.8%.
Looking for a 500 pip gain RR 6/1.
Make sure to use a smaller lot size as gold can be ultra volatile and can wick fish your stop loss, also remember to take partial profits at the 0%, -20% and finally the -61.8%.
Trade closed: stop reached
Comment:
50 pip lost