Looking to buy gold from two levels. 1st level being 1947, with a $5 Dollar SL I'll be looking to secure partials at 1:1 as I am unsure of the target for this trade, max topside we could expect from here if any is to 1963.
2nd level I am eyeing is the 38 fibo at 1934, I'll be looking to buy and hold here for $20 move taking partials at 1:2 with a $5 SL.
Confluences for 1947 Buy- Big wick rejection area, XX50 Psychological level, H4 200EMA
Confluences for 1934 buy- Big 38% Fibo, Intra Key Level, Daily 200MA, H12 Cluster of Moving Averages providing dynamic support.
2nd level I am eyeing is the 38 fibo at 1934, I'll be looking to buy and hold here for $20 move taking partials at 1:2 with a $5 SL.
Confluences for 1947 Buy- Big wick rejection area, XX50 Psychological level, H4 200EMA
Confluences for 1934 buy- Big 38% Fibo, Intra Key Level, Daily 200MA, H12 Cluster of Moving Averages providing dynamic support.