Good day, snipers. Here we are again on an analysis on Gold. I am looking for price to retest that support zone and 50% Fib Level before going for a long order, for better risk : reward purposes. This price movement is to be believed as a consolidation period after Gold hit all time highs since the past few years. We ride the overall uptrend and I will just be looking for long positions now. Take Profit 1 will be placed on the Strong Resistance Level and Stop Loss just below the support and 50% Fib Level.
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Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.