GOLD - Long

Hello traders!

This is an area where I have been expecting gold to fall for a long time.
Since the price has reached the POI, I will wait for additional confirmation to go long to $2500.
This is the idea of swing/position trading (very long term). It can also be considered as an investment idea.
However, the risks must be calculated and you must have a proper plan in place before any execution.
This is the first POI from which the price can potentially turn bullish .
If we don't get a confirmation and the zone fails to hold, the 2nd POI will be monitored.


Good Luck!

DISCIPLINE

Strive for patience, perseverance, determination, & rational action.
Limit your losses, use stops.
Never cancel a stop loss order after you have placed it!