Jaxpx
Long

GOLD TO THE MOON??

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has closed above $1483 numerous times.

A right shoulder will produce an opportunity to long this pair.
Trade active: SL in profit
Trade closed manually: Avoiding any potential fake out.
Comment: (Journal) Further reflecting: It is important to establish a better target price relating to most previous levels when trading. Ideally instead of closing half way to "Avoid any potential fake out". In this scenario, it would've been better to place a TP at 1513.3 raking in 200 pips. The reason for this is that zone has been tested time and time again from previous price action and if we look further on, the same area keeps being rejected before continuing down.

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