Short
Sells on Gold/XAUUSD
IDEA:
Gold is currently on a very clear bullish trend. Whether you're looking at the daily chart, weekly chart or even the hourly.
CONCLUSION:
We have 3 confirmations making this a high probability trade:
TRADE GUIDELINES:
Entry: 1928.00
SL: 1932.50
TP 1: 1924.00
TP 2: 1918.00
TP 3: 1915.00
Let me know what you think! Good luck! :)
Gold is currently on a very clear bullish trend. Whether you're looking at the daily chart, weekly chart or even the hourly.
CONCLUSION:
We have 3 confirmations making this a high probability trade:
- Overall bearish momentum
- Currently in a 1h bearish channel
- Bounce off strong resistance
TRADE GUIDELINES:
Entry: 1928.00
SL: 1932.50
TP 1: 1924.00
TP 2: 1918.00
TP 3: 1915.00
Let me know what you think! Good luck! :)
Note
Gold is currently on a very clear BEARISH*** trend. Still looking for sells all the way.Trade closed: stop reached
SL hit. Seems I was a bit off par with the analysis.This is understandable as Gold has broken out of our bearish channel, thus confirming buys, the bearish channel I posted was merely a retest and scalp sell.
This is what trading is, you win some - you lose some. Every loss is a lesson.
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.