dzvalentino

Gold Approaching Resistance

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Try to sell gold at previous rejections

Enter at 1960
Stop at 1980
Take profit at 1860
Comment:
It looks like it's bouncing off this support trend line now. Can close half profit. Risk reward is around 2 to 1 now. Can put sl for another half at 1 to 1 risk reward ratio which will be at 1938.
Trade closed: target reached:
Risk Reward is around 1:4.75
Positions that went there was 30% rest 70% was closed at 1915 around.
I'm very happy with this trade. Not about money but about idea being work out. Thank you guys.

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