Gold FuturesShort
Gold Futures Technical Analysis - 15M Chart
Hey traders, here’s the scoop on Gold Futures:
The price is currently trading around $2,329.5, just below the 21 EMA (yellow line at $2,332.7), indicating potential bearish momentum on this timeframe.
There’s a recent downward movement with the price testing the trendline support.
Entry Strategy:
Short Position: Look for a pullback to the 21 EMA ($2,332.7) and ensure a strong bearish candle closes below this level. That’s your potential entry point confirming bearish momentum.
Long Position: If the price holds above $2,329.3 and breaks above the 21 EMA, look for a strong bullish candle as confirmation for a potential long entry.
🎯 Profit Targets:
Short Targets:
Target 1: $2,329.3
Target 2: $2,311.8
Long Targets:
Target 1: $2,345.1
Stop-Loss:
For shorts, set your stop-loss just above $2,332.7.
For longs, set your stop-loss just below $2,329.3.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.