Gold Analysis and Trade Idea for 10-10-2022

2022年10月9日

As gold tried to test 1690 on Friday and made a LH around 1691. I think it will test 1700 again before going any bearish. So, Wait for for gold retrenchment to 1692 to go long

Long Gold: 1694-1696
SL: 1688.00
TP1: 1700.00
TP2: 1705.00
TP3: 1709.00

Bullish
- Market is overall in bullish run
- Gold at HL level
- 4H candle hit the moving average
- Gold hit 0.786 entrancement level