Gold has been trading lower and lower for a few years. It reached highs of 1900 and has since then fallen to recent lows of 1070.
Whilst I am looking to buy and hold $NASDAQ:GOLD at bargain wholesale prices (~$1,000/oz), I will look to take short-term opportunities on the short and long sides.
I believe prices should bounce between these levels.
Long opportunity:
EP: 1085.00
SL: 1075.00
TP: 1130.00
R/R: 4.8:1
Short opportunity:
EP: 1132.50
SL: 1135.50
TP: 1085.00
R/R: 15.8:1
Whilst I am looking to buy and hold $NASDAQ:GOLD at bargain wholesale prices (~$1,000/oz), I will look to take short-term opportunities on the short and long sides.
I believe prices should bounce between these levels.
Long opportunity:
EP: 1085.00
SL: 1075.00
TP: 1130.00
R/R: 4.8:1
Short opportunity:
EP: 1132.50
SL: 1135.50
TP: 1085.00
R/R: 15.8:1
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