Gold Reversal, Long Opportunity, 1:6 & 1:10 available

Good morning ladies and gentlemen,

Gold is ready for a reversal to the upside.

Price has broken market structure on the lowertime frames (H1 & M15).

I'm looking for price to trade back down into the region below where I'll be looking for a long opportunity with my stop below the market structure.

Looking to target these two areas above as intial targets. Based on how the week closes will determine whether I am looking for a longer term swing position.

Good luck.

Trade attivo

Trade chiuso: obiettivo raggiunto:

TP 1 hit. +6%

Clean.

Stop moved to BE. Letting the other half of the position run to final TP.

Commento:

Stop has been raised to 1694 in profit. Very bizzare price action on DXY this evening.

Trade chiuso: stop raggiunto:

Boom. Final TP hit.

1:10 on this one!

Now we sit out and assess what the market wants to do from here.