Gold: Buying Opportunity at 1940.00$ Support Zone

The price bounced from the support zone formed by SMa200 and 1940.00$ support level. RSI and MACD histogram confirmed the price reversal. It gives us a new buying opportunity.

Here is an example of a possible long trade:
Buy above 1946.15$
Stop below 1935.50$
Profit Target at 1971.50$

Risk per trade must be no more than 1% of the capital.

If you think this trade is wrong, please support your trading idea by arguments. If you like my trading idea, please support it by smashing the LIKE button! Thanks for your attention!



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.