Hello,
Here's my brief analysis on GOLD:
I've been stalking this one for some time, so now I see some kind of an opportunity for longs.
Price at recent daily support where it reacted couple of times and started moving inside a range. Now it is holding on the botm of this range and it is showing the recent
sell (starting point) was challenged and now we've got a decent discount to buy this with good risk to reward ratio towards the recent highs from the botm of this range
and safer stop loss below the entire buying area.
In my point of view, there are no reasons to keep selling gold at this point.
Good luck :)
Here's my brief analysis on GOLD:
I've been stalking this one for some time, so now I see some kind of an opportunity for longs.
Price at recent daily support where it reacted couple of times and started moving inside a range. Now it is holding on the botm of this range and it is showing the recent
sell (starting point) was challenged and now we've got a decent discount to buy this with good risk to reward ratio towards the recent highs from the botm of this range
and safer stop loss below the entire buying area.
In my point of view, there are no reasons to keep selling gold at this point.
Good luck :)
Comment:
Comment:
Trade closed: stop reached:
Even though it keeps holding the same buying area - my stops of 50 pips was reached.