Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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+1
Ideally we wanted those lower ones completed before the bounce upside over the Asia session, however, it wasn't to be. We broke above, all the targets completed, most were fast asleep in Camelot so missed the move.
We're at a resistance level here but there is a red box above which was the ideal target for the move. With price being stretched and at a key level, unless in from lower we're not going to risk it up here, rather look for a reversal on the indicators and take a short into lower support levels if the opportunity presents itself.
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