Gold still not a BUY yet
The chart shows 2 scenarios where a position can be taken to maximise gains. Scenario 1 is a short term long opportunity and Scenario 2 is a short -mid term short opportunity.
Also the support green line and resistance red line are shown to anticipate the fall or rise to help enter the trade. For now, still NOT A BUY. Staying Short for now.
If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.
Happy trading.
Also the support green line and resistance red line are shown to anticipate the fall or rise to help enter the trade. For now, still NOT A BUY. Staying Short for now.
If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.
Happy trading.
Trade active
Scenario 1 worked perfectly well. Price touched the cloud resistance and started falling below the trend line. Fantastic Short trade so far.Trade closed: target reached
Closed short at 1288 zone
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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.
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
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.