Gold with a continued buy ( ideally closer to 1200 for entry), in which we are trading a potential BC leg.
The target is just below the .618 retracement @1250.
The point of invalidation would be 1176 ( beneath the 14 MAV) .
The trade would be closed short of target if the HA closes beneath a crossed 8/14 MAV.
Risk Reward is 2:1.
The target is just below the .618 retracement @1250.
The point of invalidation would be 1176 ( beneath the 14 MAV) .
The trade would be closed short of target if the HA closes beneath a crossed 8/14 MAV.
Risk Reward is 2:1.
