Gold Short
Gold on the daily chart reached a good supply and demand zone. we saw a good price rejection around the 1297 zone. This a good reversal, or rather pull back indication.
On the H4 chart we saw the market break the trend-line and creating a lower low, we are likely to see the market pull back to create a lower high. Should this happen, I will take on a short position.
Looking at a good 1:9 or 1:10 Risk to reward so this is a good trade.
25 likes and i'll share my entry, sl, and tp.
On the H4 chart we saw the market break the trend-line and creating a lower low, we are likely to see the market pull back to create a lower high. Should this happen, I will take on a short position.
Looking at a good 1:9 or 1:10 Risk to reward so this is a good trade.
25 likes and i'll share my entry, sl, and tp.
Note
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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.