Gold is in consolidation , and the bias is to the upside ( 30 MAV> 50 MAV) . Consider a long trade from BB 2 SD low to high.
1. Enter - around $ 1890 ( lower BB 2SD)
2. Stop - around $ 1855 ( outside BB 3SD)
3. Target - around $ 2020 ( upper BB 2SD)
4. RR = 3
1. Enter - around $ 1890 ( lower BB 2SD)
2. Stop - around $ 1855 ( outside BB 3SD)
3. Target - around $ 2020 ( upper BB 2SD)
4. RR = 3