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Can.Yildirim

GOLD H4: H4 demand buying opportunity

Long
Gold Futures (Aug 2016) (COMEX:GCQ2016)  
Can.Yildirim Aggiornato   
COMEX:GCQ2016   Gold Futures (Aug 2016)
Gold XAUUSD gcm2016 GCQ2016 commodity metal Commodities preciousmetals
4
0
gold xauusd gcm2016 gcq2016 commodity metal commodities preciousmetals
TOP-DOWN ANALYSIS

MONTHLY: we are currently inside of a monthly demand and expecting a bounce from this zone

DAILY: the price is far away of a daily supply now, and it may want to test it

H4: it has just created a new H4 demand zone. Test of the zone should be a good buying opportunity

TP1: just before the H4 candle wick

TP2: trail the stop till just before the daily supply zone above

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Commento:
Half of the total position closed when TP1 hit with a profit and the other half got stoped out

it was a breakeven trade overall.
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