Gold trade #1
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WHOOOOOOOOOOOOOOOOOO
Went long on Gold
We had the bAckdrop of some fundamental analysis, Bank of England announced that they will be issuing debt to help stabalize their currency
We then noticed a double bottom with some large volume and then waited for the retrace. Originally we wanted to enter at the 0.618 level but we noticed price was looking bullish once it was in the 0.5 area
Went long on Gold
We had the bAckdrop of some fundamental analysis, Bank of England announced that they will be issuing debt to help stabalize their currency
We then noticed a double bottom with some large volume and then waited for the retrace. Originally we wanted to enter at the 0.618 level but we noticed price was looking bullish once it was in the 0.5 area
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s/l adjusted to 1648
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