Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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This is a scenario for longs.

We're looking for support around 1796-1784, the price should ideally wick in that region and close above 1810-13 on the Daily.

Target 1: 1830
Target 2: 1840
Target 3: 1850

Optimal Entry - 1795
Stop Loss - 1775.00

I want to be out of longs if we head towards 1850. My short-term view is still for the price to go further down so i'm expecting a liquidity grab between 1850-75

Not trading advice, just my thoughts. ALWAYS Manage your risk through strict stop losses and money management.