Gold created a new high passing the previous high price at $1833.
What next?
I like this trade idea as a trend continuation trade back up to the high price of $1850.
So, its best to patiently wait for price to pullback towards 1814. Deeper pullbacks give amazing risk to rewards and this trade has a risk to reward of 1:2.
What will invalidate my trade idea? If price passes 1797 I will change my bias from long to short. Until then I comfortably will keep my buy bias.
Simple analysis right?😁
Thank you for reading my quick trade idea. I appreciate you. To help support the Trading view Ideas, like this post to boost my reputation. Thank you for being awesome. Happy Trading!
Disclaimer: This is my trade idea based on my personal views and strategy. Please trade at your own will and risk strategy.
What next?
I like this trade idea as a trend continuation trade back up to the high price of $1850.
So, its best to patiently wait for price to pullback towards 1814. Deeper pullbacks give amazing risk to rewards and this trade has a risk to reward of 1:2.
What will invalidate my trade idea? If price passes 1797 I will change my bias from long to short. Until then I comfortably will keep my buy bias.
Simple analysis right?😁
Thank you for reading my quick trade idea. I appreciate you. To help support the Trading view Ideas, like this post to boost my reputation. Thank you for being awesome. Happy Trading!
Disclaimer: This is my trade idea based on my personal views and strategy. Please trade at your own will and risk strategy.
