I expect Gold to rise further

3 Mar 2022

Intraday Trade

• Russian invasion and inflation drives Gold price up. It's a safe haven.
  
• This is trading the news and psychology more than technicals.
  
• It hasn't reached previous highs.
  
• Volatile market: Risk reward ratio of 1:2
  

• Entry price: USD 1922.31
  
• Take profit at: USD 1960.00 (1.96%)
  
• Stop loss at: USD 1907.31 (-0.78%)