Gold Intraday Trade Long +200% Return

Yesterday (7th of January) we took a typical intraday trade on Gold in the trading room.

The macro timeframes had already established a new long bias, but timing was important to join the market, before the next potential advance long.

We waited for price action to resume a new long trend on the 15 minute chart, which coincided with a breakout set up presenting an ideal entry point and stop location.

As expected Gold continued to move higher and we closed out of our trade 2 hours later booking a 200% profit.