Hi Team
This is stage one for this weeks gold trade.
See linked post below - we rose as expected on todays news, and rejected as expected from the descending weekly resistance. Now if the time to enter out first sell attempt.
I would advise SLBE as soon as possible, and if price slows down at ascending channel support, suggest closing half positions out.
Tomorrow is a big news day too, and should see the Dollar rally.
Please remember that small lot sizes make good money. There is no need to over trade.
Good luck, trade safe
DrBear
This is stage one for this weeks gold trade.
See linked post below - we rose as expected on todays news, and rejected as expected from the descending weekly resistance. Now if the time to enter out first sell attempt.
I would advise SLBE as soon as possible, and if price slows down at ascending channel support, suggest closing half positions out.
Tomorrow is a big news day too, and should see the Dollar rally.
Please remember that small lot sizes make good money. There is no need to over trade.
Good luck, trade safe
DrBear
Trade active
Trade active
I am still in this, volatility spike may have taken some out - always be careful with XAU lot sizes!Trade active
Trade active
Almost at Take Profit!
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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.