This trade I can relate too, but why not wait for the break out?
SerenaAadms
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Thanks for the comment.
Agree, a break out will be a good idea, however a correction end is possible to predict in strong trend (the case with XAUUSD), specially that entry is just few pips above a combination of very strong support level and fibonacchies (see attached chart).
Sinistro
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I got in that trade TP 1406.69
SerenaAadms
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Well, this is the last trade in the Gold Long Party, unless we break 1367 up. if gold take's our stop, that will mean officials a start of potential down trend or a deep choppy period where we should avoid gold at all.
Lets see.
Sinistro
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I guess I'm counting on a weak dollar at least until the elections (November), we'll see. I wouldn't be surprised to see gold go as far as 1533.54