OANDA:XAUUSD Just entered a Long position on Gold, See my previous post....
The market has been in an uptrend, I was watching the 1680 - 1670 area for a trade this is a recent level of resistance. We have now come back to that area and we have made a double bottom on the 1hr chart.
Keeping quite a tight stop on this as it could come back to 1640 support level.
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So nearly stopped out of this!!
I have moved stops to break even here. Didn’t react from that level as I expected. An still push up but at least now there is no risk involved!