Gold: Possible scenario for continuing the uptrend.
With the approach to the upward support level, long positions can be opened with a target in the area of 1300. I do not like the price dynamics at the moment of breaking up the resistance level. A short stop can make a profit in case the upward movement does not develop in the area of 1300. But for such a scenario it will be necessary to track the situation inside the day.
Commentaire:
Possible downward resistance level.
Commentaire:
Stop moved to 1271.
Commentaire:
Commentaire:
Stop moved to 1284.
Trade fermée: cible de profit atteinte:
Trade fermée: cible de profit atteinte:
Result: profit 250 pips. Initial profit factor (profit / loss) > 10.
Two opposite scenarios at least require a good profit factor. :)