LeonM
Long

XAAUSD GOLD LONG

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Haven't been looking at gold Recently, which is why Im so late to catch this move,
however i feel it still has room to move and I hope i can get in to capture the rest of the move.

So, the recent decline we've seen since 07/11/16 looks fairly efficient on the DAILY.
However, It looks quite nice on the WEEKLY and appears as it wants to return to the low of a previous candle around the low of 1250.
Im not in the trade as of yet even though it may appear that I am, I'm looking for a retracement first and have set a limit order at 1177.384, so if it doesn't retrace that far ill let it go most probably and not get an entry.
Not much else shaped around this idea besides that, just my opinion that it MAY return to this level.

I've started to use these published ideas as a trading journal for my trades, its just an easy and efficient way to do so. Its your decision if you decide to copy them or not, but nevertheless thanks for taking the time to look through them if you do.
Trade active: Order of 1177.384 was rejected for some reason
so I entered manually at 1181.405
Trade closed: target reached
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