I've found the perfect buy point for Gold it'll just take some time and patience but it'll pay off.
Don't watch any charts below weekly let the dollar run for now and let Gold come to us.
Buy At 1250 stop below 1200 with a minimum target at 1375. 2.5 Risk/Reward
- 38% Retracement of the whole rally from 1050-1375
- Only $50 risk from the invalidation point of the uptrend @1200 (circled low)
- I drew an imaginary trend line to estimate the angle of the trend.
Trend line angle is important to me, I want to see our uptrend moving higher at a stronger angle as opposed to the red downtrend line.
Don't watch any charts below weekly let the dollar run for now and let Gold come to us.
Buy At 1250 stop below 1200 with a minimum target at 1375. 2.5 Risk/Reward
- 38% Retracement of the whole rally from 1050-1375
- Only $50 risk from the invalidation point of the uptrend @1200 (circled low)
- I drew an imaginary trend line to estimate the angle of the trend.
Trend line angle is important to me, I want to see our uptrend moving higher at a stronger angle as opposed to the red downtrend line.