benjimock

XAUUSD COUNTER TREND LONG

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold's strong bearish run is due a pullback, price has overextended into the red demand zone , with divergence on the RSI and favourable price action giving entry for a counter trend long opportunity. Stops are place a 1H RSI below the red zone.
Comment: Closed at breakeven, I dont want to hold this overnight twice as swaps are accumulating and I think it will remain rangebound until NFP tomorrow, which means I will not be able to make it risk free before the release.
Comment: TP HIT if you held this trade + 2.12%

Comments

Beautiful trade this, glad we held
Reply
Should have held lad
Reply
benjimock UnknownUnicorn772665
@UnknownUnicorn772665, Tell me about it lad could've been at BE for NFP and ridden it to the moon
+1 Reply
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