Post NFP Buy For Gold
A key long-term level has held up nicely as support for GOLD since NFP dropped:
Monthly 62% Retracement, 1874.28
Looking at the 30-minute chart, the 1874 area has withstood two tests. If we get a third, it may set up a solid late-session buy. Here's the trade:
1) Buy @ 1875.1
2) Stop loss @ 1868.9
3) Profit target at 1881.3, 1:1 risk vs reward
Monthly 62% Retracement, 1874.28
Looking at the 30-minute chart, the 1874 area has withstood two tests. If we get a third, it may set up a solid late-session buy. Here's the trade:
1) Buy @ 1875.1
2) Stop loss @ 1868.9
3) Profit target at 1881.3, 1:1 risk vs reward