Short Gold - intraday analysis
Updated
Short Setup: Bearish yesterday slow down its trend at 1939, the current uptrend is not strong as the price ranging long time and formed fresh demand level at 1940. Will wait and see the price retest supply level at 1954.00 to form a selling signal at price between 1950 to 1954.00. Looking the price going lower and reaches demand level at 1926.00. The analysis is valid for today only.
Trade active
Order executed at 1952.00SL: 1955.50
TP: 1926.00 (take 50% profit when price hit half target)
*The analysis and order valid and holding until today only.
Trade active
take 50% profit at 1945.00 (retested demand level) if price drop.Trade closed: stop reached
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