Gold: Possible scenario for continuing the uptrend.

With the approach to the upward support level, long positions can be opened with a target in the area of 1300. I do not like the price dynamics at the moment of breaking up the resistance level. A short stop can make a profit in case the upward movement does not develop in the area of 1300. But for such a scenario it will be necessary to track the situation inside the day.

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Two opposite scenarios at least require a good profit factor. :)

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Possible downward resistance level.

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Stop moved to 1271.

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Comment:

Stop moved to 1284.

Trade closed: target reached:

Trade closed: target reached:

Result: profit 250 pips. Initial profit factor (profit / loss) > 10.