GoldxGang971

GoldxGang971

I've identify a reaction zone with could be seen as a Higher Low if we reject it to continue the overall uptrend on bigger timeframe. The R:R with this trade is really good wich is the reason why I took this trade with just a study of previous reaction in this zone. I will give an update when I close the trade. I've put 2 TP's that are the next resistance zones

GoldxGang971

Im in two position with SL at Breakeven , I want to see gold test this red resistance area before Tuesday

GoldxGang971 Updated 

Possible Long trade Since gold as reacted to the 38 fib level of the whole move up from 1680, previous day closed green , it could be seen as a rejection, SL under this demande zone The RR is positive , Risk management is the key . No risk no reward ,

GoldxGang971

Was waiting on confirmation and took the trade just basic analys.