GOLD TO FALL AGAIN
Updated
Price is currently trading within a zone of support and resistance. Price is still showing selling potential and from i can see, price has all potential to move up and test $1511.25 level before falling again to meet our target at $1462. Stoploss has been marked at $1528. Let's gooooo!
Risk no more than 2 % on this trade
Risk to reward ratio = 1:2
Risk no more than 2 % on this trade
Risk to reward ratio = 1:2
Trade closed: target reached
Target reached but price did not pull back to our ideal entry point.
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