Short Term 4:1 Gold Trade
I would be a buyer of gold here for a short term trade.
Gold recently held the 61.8 retracement and has since moved
above the 50.0 level. We are coming up on trend line resistance
which I believe we will break through and make a full retracement
all the way up to about 174.
Short Term Trade- Buy 162, Target 174, Stop Loss 159
Risk/Reward is 4:1
Disclosure- I am long gold for the long term
Gold recently held the 61.8 retracement and has since moved
above the 50.0 level. We are coming up on trend line resistance
which I believe we will break through and make a full retracement
all the way up to about 174.
Short Term Trade- Buy 162, Target 174, Stop Loss 159
Risk/Reward is 4:1
Disclosure- I am long gold for the long term
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