At the time of this writing, Gold is currently trading at $2,333.37 and we entered a Buy Position @$2,330. Trade Opportunity Buy Gold @$2,330 TP@ $2,358 SL@ $2,324 Risk: 1% - 10% Reward: 3%+ - 30%+ Day Trade
As per the chart, we can observe a flux of Buy orders triggered by panic selling from the previous Buyers. Gold has been rallying and making new highs. We are bullish on Gold and therefore believe that a fake-out can definitely happen to create liquidity and enter at a better price.
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