Gold Short-term Downtrend
Updated
As stated on my previous trade idea the USD has better control of inflation and is maintaining relative strength over other top currency pairs. With this in mind the USD will be more popular than the Gold as Gold generally goes the opposite direction to USD due to the intrinsic value it can hold the Dollar currency.
This trade is merely speculative and has somewhat of an entry shown by the 4-hour candle closing underneath the "Buy Zone".
- Note to never risk more than 1-3% of your account on any given trade.
Please form your own research but I hope this can give some advice or fuel for ideas to be generated.
A Follow would be appreciated if this helps!
This trade is merely speculative and has somewhat of an entry shown by the 4-hour candle closing underneath the "Buy Zone".
- Note to never risk more than 1-3% of your account on any given trade.
Please form your own research but I hope this can give some advice or fuel for ideas to be generated.
A Follow would be appreciated if this helps!
Trade active
Stop Loss barely survived
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