XAUUSD possible pullback up to @1360. Open sell limit @ 1410-14
Gold made a BIG move yesterday at Asian Session, that makes it move 300 pips in less than 3 minutes. I researched that the reason behind of this is the delayed Trade War talks of the United States and China. Now the Investors are shifting their equity into the safe haven assets just like Japanese Yen and one of it is Gold.
In long term XAUUSD is being seen as bullish and it might go up to 1600.
I would advise to open a sell limit at around 1410 and put a stop loss 100 pips on that area, and target around 400 pips that would make your ratio 4:1
Always use a proper risk management and always set your leverage low so that you wont get tempted to open another trade. Use STOP LOSS, it is not there just for display, it makes you save your account getting burned and being available to trade in the future.
In long term XAUUSD is being seen as bullish and it might go up to 1600.
I would advise to open a sell limit at around 1410 and put a stop loss 100 pips on that area, and target around 400 pips that would make your ratio 4:1
Always use a proper risk management and always set your leverage low so that you wont get tempted to open another trade. Use STOP LOSS, it is not there just for display, it makes you save your account getting burned and being available to trade in the future.