Gold - Long XAUUSD - continued trades long - watching close

Hello all - DuncanForex here with a new trade idea.

With Gold cycling higher on the 1 hour chart - I will enter if the high of the last 1 hour bullish candle that has just closed is broken.

I will be watching it closely when it gets to the 1420 level

It may drop as it is at extreme highs - reason for watching the 1420 level is that the market gapped near here following the FED news yesterday .

Therefore it may get to this level and then roll over and head lower for a retrace before going higher

1 hour entry - therefore 1 hour trade management.

DuncanForex.com coming imminently

Thanks for looking

Duncan

Trade chiuso: stop raggiunto:

hi all - trade hit stop loss.

it has since however bounced at lower support and has made a new high - if it retests 1406 area - I will look to go long

Trade attivo:

HI all - I am in at 1406.5 - stops at 1404 - quite tight - however if it does go to 1420 - it will be a 6 to 1 win

Trade attivo:

Hi all - Trade entered at 1406.5 hit TP.
I have entered again at 1419.7 with stops at 1418.7 - Aiming for 1425 (aggressive scalp)

Trade attivo:

Commento:

stops to break even