JoshPeacock

XAUUSD - BUY - SNIPER ENTRY

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price has been moving to the upside slowly today with one point where price had a significant drop. Since then price has recovered to an area that has was previously a strong resistance area . Price is going to breakout of this area after failing to bounce off the resistance area and head down to the support level . Price is bound to breakout of the resistance area soon and will head to the upside. For this trade i have put on a very tight stop loss with a RR of 10. This is due to price being so volatile at the moment.

Good Luck

Comments

good analysis
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