Overview:
Gold remains below MA200 H1, indicating a short-term downtrend and presenting a potential selling opportunity.
Setup:
Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones before considering entry. Apply a stick stop-loss above 22047/OZ initially, adjusting it to above $2032 if OB zone confirmation suggests non-liquidity.
Risk Management:
Utilize strategic risk management with a stick stop-loss to control potential losses. Adjustments based on OB zone confirmation contribute to a well-managed trade.
Conclusion:
Consider a sell position in Gold, focusing on confirmation in OB and FVG zones, while implementing effective risk management for a balanced trading approach.
Gold remains below MA200 H1, indicating a short-term downtrend and presenting a potential selling opportunity.
Setup:
Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones before considering entry. Apply a stick stop-loss above 22047/OZ initially, adjusting it to above $2032 if OB zone confirmation suggests non-liquidity.
Risk Management:
Utilize strategic risk management with a stick stop-loss to control potential losses. Adjustments based on OB zone confirmation contribute to a well-managed trade.
Conclusion:
Consider a sell position in Gold, focusing on confirmation in OB and FVG zones, while implementing effective risk management for a balanced trading approach.
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.