GOLD - Short term reversal after touching strong Resistance

Updated
Hi dear traders,currently I am looking into a short term correction over gold, hence currently there is quite a lot of positive volatiltiy generated within the Stock & Index market. Additionally with the closure of the Syrian problematic goverment I can see people ease off and liquidate some money from the Safe Heaven Assets and look into boosting and preparing for the Christmas Rally!

Entry : 2,711
Target 2,690
Stop loss : 2,728

RR - 2.20 ~

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Trade closed: target reached
Position has been closed succesfully with the following results :

0.10 volume in lot - 200.77€ gained profit
0.50 volume in lot - 1,003.89€ gained profit
1 volume in lot - 2007.79 gained profit
5 volume in lot - 10,038€ gained profit

P.S. I personally entered with volume in lot 1!
Fundamental AnalysisgoldintradayTechnical IndicatorsTrend Analysis

Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -

t.me/Capital55DG
Also on:

Disclaimer