Gold aim 2300 and 2461
Month Chart gold already break all time high
it's difficult to look left and find resistance area
However, we can use the AB=CD tool
and reverse Fib Extention to measure gold's next
target
AB=CD @ 2300
Reverse Fib 1.618 @ 2461
So we can still hold our Gold long position
since my last Trading Idea
Some Tips:
1. In bullish trending market, do not lose your position.
try to hold some position once it reachs RR ratio 2:1
2. Do not trade oversize, measure your risk amount before your enter
3. use the Three Method that I have been teaching for the last 7 years:
A. Structure break-out + pull back
B. Inside Bar (Momentum Trading)
C. Pin bar+ 8 EMA/ 89 EMA
Month Chart gold already break all time high
it's difficult to look left and find resistance area
However, we can use the AB=CD tool
and reverse Fib Extention to measure gold's next
target
AB=CD @ 2300
Reverse Fib 1.618 @ 2461
So we can still hold our Gold long position
since my last Trading Idea
Some Tips:
1. In bullish trending market, do not lose your position.
try to hold some position once it reachs RR ratio 2:1
2. Do not trade oversize, measure your risk amount before your enter
3. use the Three Method that I have been teaching for the last 7 years:
A. Structure break-out + pull back
B. Inside Bar (Momentum Trading)
C. Pin bar+ 8 EMA/ 89 EMA
