XAUUSD 1H - Long Idea!

As per our Daily KOG report, we were expecting the price to come down first in the early sessions on Gold. We can see potentially some more movement down but we would like to test the long trade from just below. The SL needs to in place as breaking below the 1790 level will push the price to face further declines.

KOG

Trade active:

We've taken 80% of the trade at 130pips. Stop to entry

Trade closed: target reached