As you can see here, on lower time frame Gold is currently in downtrend after its bullish move on 23rd of July. Opportunities to short and long along the trendline. On long term, I'm possibly looking for a buy at 1935. Very clear trend.
On 1 hour chart, we can see Gold in uptrend. Hence, Im looking for buying opportunities if its retrace to the lower trendline.
This is a good opportunity for buying at support trader. With 1:5 ratio, I believe this is a good swing trade. manage your risk well. #NFA