Gold: Buy Opportunity

The price broke a downtrend line. It gave us a trend reversal signal. The daily chart shows us that the price reached the support zone at 1450.00, and we can expect the price reversal with a further upward movement. If so, it is possible to open long positions to catch the upward movement using the 1H timeframe.

Entry Price: above 1459.50
Stop Level: below 1453.50
Profit Level: at 1471.45

Risk per trade must be no more than 1% of your capital. If the price drops below the local uptrend line, we will have to search for a new trade opportunity.

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