Overview:
Gold's continued position below MA200 H1 suggests a short-term downtrend, creating a potential selling opportunity.
Setup:
Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones for entry. Apply a stick stop-loss above 22047/OZ initially, adjusting it to above $2032 if OB zone confirmation suggests non-liquidity.
Additional Sell Area:
Consider a sell position in the range of 2023-2032, integrating this zone as an additional opportunity to capitalize on the downtrend.
Risk Management:
Implement 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:
Explore a sell position in Gold, focusing on confirmation in OB and FVG zones, along with the identified sell area of 2023-2032. Effective risk management ensures a balanced approach to trading.
Gold's continued position below MA200 H1 suggests a short-term downtrend, creating a potential selling opportunity.
Setup:
Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones for entry. Apply a stick stop-loss above 22047/OZ initially, adjusting it to above $2032 if OB zone confirmation suggests non-liquidity.
Additional Sell Area:
Consider a sell position in the range of 2023-2032, integrating this zone as an additional opportunity to capitalize on the downtrend.
Risk Management:
Implement 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:
Explore a sell position in Gold, focusing on confirmation in OB and FVG zones, along with the identified sell area of 2023-2032. Effective risk management ensures a balanced approach to trading.
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.