Massive 1Y Support

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It looks like this support is very strong. If broken can go way down. For now big trend seems to reverse. Just try to buy on pull backs.
Trade ist aktiv
$70 gain from 1745 so far
Risk:Reward now is around 1:1 if sl is at 1683
Can take some profits.
There were fundamental not bright news for gold this week. Janet Yellen mentioned possibility of raising rates sooner than planned.
Trade geschlossen: Ziel wurde erreicht
Snapshot
I lost more on this trade shorting it from 1800 than gained :)
Anyway even small position still running, like 1/10 of all if not less closing now. The reason is it gained too much without retracement.
Support and Resistance

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Haftungsausschluss