growthbank

[GOLD] Buy Limit - 06/07/2022 - Tokyo Session

OANDA:XAUUSD   Guld / USA-dollar
I set this trade up earlier today however I was a little bit too tired to send an analysis. Since I set the trade, my original entry was missed by a couple of pips and then the first take profit was reached. My overall bias for Gold is bullish and this was the trade that I believe the market has been setting up for. Since it has formed structure and made a retracement, I am going to hold on to my entries in case Gold wants to retest that point before continuing in the direction. My entry is lower than the previous retracement which follows my rules, because the retest is generally lower than the original retracement. I have two entries set up and am expecting a big return on this Gold trade.

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