DislikedThis is my Gold analysis on a Daily Chart. I would love to buy big around the 1092 to 1097 Area. {image}Ignored
Happy New Year 2016 (please find my new years gift here below ... I hope you love it!)
An excellent entry for a Long trade on Gold (XAUUSD) is @1086.00.
You have two options for your Stop Loss as follows:
(i) Stop Loss @1077.50, or
(ii) Stop loss @1074.50.
Let me know if you decide to enter this trade so I can tell you at what level to set your Take Profit.
One last thing, since this entry is likely to yield a very profitable trade, I would enter this trade with a large position (i.e. heavy).
Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".