GOLD-USD is moving in BULLISH direction from last few hours. The bullish movement remain to continue as the price is steadily RISING and the Relative Strength Index (RSI) is synced with the price action thus bullish momentum of GOLD-USD may be gaining its momentum.
In addition, Bullish Flag Continuation Pattern can be also seen at ONE Hour Time frame.
Based on above, it appears that the GOLD-USD can take a bull run from the ENTRY Price mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level.
The Risk to Reward Ratio is suggested 2% of the total portfolio.
Best of Luck..
In addition, Bullish Flag Continuation Pattern can be also seen at ONE Hour Time frame.
Based on above, it appears that the GOLD-USD can take a bull run from the ENTRY Price mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level.
The Risk to Reward Ratio is suggested 2% of the total portfolio.
Best of Luck..
Trade chiuso: stop raggiunto:
SL Reached..Trade Closed...Possibly due to Data Announcement..