Consider gold for a corrective buy opportunity, when the HA price closes above the 8/14 moving averages.
The point of invalidation is the recent swing low of 1122.
Target is support level of 1210 ( support in Feb,March,June 2016) now acting as resistance and fib 50 level of the 2016 gold uptrend.
Risk Reward is 3 to 1.
The trade is closed if price is beneath target and closes below the 8/14 moving average.
The point of invalidation is the recent swing low of 1122.
Target is support level of 1210 ( support in Feb,March,June 2016) now acting as resistance and fib 50 level of the 2016 gold uptrend.
Risk Reward is 3 to 1.
The trade is closed if price is beneath target and closes below the 8/14 moving average.
Yorum:
Target Reached :)
