I am a perpetual Gold Bull, I see some reasons to stand by that, Price has tried to break level as of late, There has been a nice run up and price has relaxed back down to the 50% Fib, of the recent swing high. I very much like 50% Fib entries, and this is no different. I see price has made a lovely high wave candle, its a spinning top that is showing price is "starting" to respect this fib level. Let's see what price continues to do, we could be in for a run up in gold prices, or I'm completely incorrect and out 1%. 1% risk, 2:1RR - Happy Trading!
Trade closed: target reached
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.
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.