Gold is expected to go higher.. Small risk big reward. Watch.
The upside move is yet to be fulfilled. We will see if this is going to be the start of the rally up.
Note
I will breakeven the trade +1/2pips when price reaches 1506.40.Note
If price go down to 1497.10, I will close the trade. That being said, I will move the trade to breakeven now. Reason: Bearish Engulfing on 1H.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.