XAUUSD COUNTER TREND LONG
Gold's strong bearish run is due a pullback, price has overextended into the red demand zone, with divergence on the RSI and favourable price action giving entry for a counter trend long opportunity. Stops are place a 1H RSI below the red zone.
Note
Closed at breakeven, I dont want to hold this overnight twice as swaps are accumulating and I think it will remain rangebound until NFP tomorrow, which means I will not be able to make it risk free before the release.Note
TP HIT if you held this trade + 2.12%
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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.