GOLD (XAU/USD), Trading Plan.
Updated
As I wrote on the previous GOLD idea, it bounced up from a key level $1282 goal is $1306
Near $1306 could be a great sell entry, because:
— It is level from which price started downtrend half-year ago and move 15000 pips down. Mostly market respect such levels. That's why I think about sell from $1306 goal will be 200–400 pips.
I will open Sell if the price will confirm it ONLY.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
Near $1306 could be a great sell entry, because:
— It is level from which price started downtrend half-year ago and move 15000 pips down. Mostly market respect such levels. That's why I think about sell from $1306 goal will be 200–400 pips.
I will open Sell if the price will confirm it ONLY.
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
Note
there could be a short-term buy signal if GOld will hit $1282What do you think about it?
Note
Gold is moving in a Triangle. There could be proper sell entry near $1306 ONLY
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