CFD Oro (US$/OZ)
Long

Gold at critical support - If held, then Long

212
GOLD Is currently holding critical support at $1850. If the $1850 mark is broken then this trade set up is invalid.
If the $1850 mark is held and there is no clear bearish divergences on the 4hr timeframes, then there is a great short term long position.

Long position:
Entry between $1850 to $1860
Take profit:
TP1 : $1880 - Around the 0.236 Fib
TP2: $1885 - just below the next resistance
TP3: $1922 - 0.618 Fib

Stop loss: Should be set just below $1850 ( I set mine at $1848)
This will result in your position being closed just after the critical support is broken

Another potential bearish scenario is if the DXY breaks and closes a daily candle above $92,50 and $93.

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