AmplaFX

Gold - Bull Cycle

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Good evening ladies & gents ,

Gold just displaced down nicely into my Buy Zone, triggering my pending Buy Limit.

Risk on this position is 1%, looking to swing it back to the Monthly Highs with additional points to add on from next week ideally.

Tomorrow is NFP, so be mindful that it can get pretty shakey.

Let's see how tomorrow pans out and it'll determine the trajectory of Gold from the next week onwards.

- AmplaFX
Comment: 75% profits claimed. DXY looks like it'll seek higher prices. SL moved to BE.

Comments

180 pips buy zone?
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AmplaFX shakirgbeck
@shakirgbeck, That's the most conservative stop loss possible. Mine is tighter :) Not every setup I post on TradingView employ the same stop loss as I would trading my account...we teach our students how to optimise our SL placement for enhanced RR :)
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