Gold Intraday Trade Long +200% Return

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

The macro timeframes had a long bias, but timing was important to join the market prior to a clean move.

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

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