This analysis, me personally I'm looking for a buy on this pair, but of course I'm waiting for my rules to be met, in this case, Gold is looking quite sexy on a buy around the 1250 area, looking for support and resistance before just taking a buy blindly, in this scenerio, let's wait for gold to get a pullback around that area, then buying that area, taking us...
Let's see how gold plays out here' I have my support on gold and resistance on the 15 min chart, from my perspective gold seems to respect the trendline towards a bullish run, next zone target is around the 1208-09
Only risking 7-8 pips..
I've got a nice risk and reward ratio
yes, I'm feeling pretty confident about this pair showing a well balanced pair and showing positive news about what the president doing meeting and having international presidents and political leaders from foreign countries indicating positive moves from this pair, taking notion of this pair... On long yes, neat risk enough for a sufficient TP..
