Gold Analysis 04/10/2020 -- Update 2
After taking sells where we banked 90 pips, price broke above the range highlighted on the analysis last night.
Instead of waiting for support to form, I waited for a retest and entered on the retest, so this was effectively a break and retest entry.
As price reached the first target, I secured my entry and moved stops to BE.
Price then reached my next target where I closed more partials leaving a 10% runner and I closed my final positions as we wicked off the resistance zone at 1918.50 securing 140 pips.
Instead of waiting for support to form, I waited for a retest and entered on the retest, so this was effectively a break and retest entry.
As price reached the first target, I secured my entry and moved stops to BE.
Price then reached my next target where I closed more partials leaving a 10% runner and I closed my final positions as we wicked off the resistance zone at 1918.50 securing 140 pips.
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