XAUUSD GOLD LONG
This has been labelled as dreamy by some.
Some people say I am stupid for thinking that Gold will ever drop to $1,000
But I just work on the charts.
As you can see, the price of Gold shot away from the $1,000 price range and never looked back.
It doubled in price in the next two years.
It has been gradually falling since then and is now close to the price range again.
There are no fresh supply areas until the $1,460 area.
If you decide to take profits halfway between zones, you get 10:1 reward on 20-point risk
EP: ~1,000
SL: ~980
TP: ~1,460 (about 20:1)
Some people say I am stupid for thinking that Gold will ever drop to $1,000
But I just work on the charts.
As you can see, the price of Gold shot away from the $1,000 price range and never looked back.
It doubled in price in the next two years.
It has been gradually falling since then and is now close to the price range again.
There are no fresh supply areas until the $1,460 area.
If you decide to take profits halfway between zones, you get 10:1 reward on 20-point risk
EP: ~1,000
SL: ~980
TP: ~1,460 (about 20:1)
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