I will open Sell on GOLD if price will make a fake break of key level $1437
- $1438 key level and border of the range. Near it our risk will be 40 - 50 pips. - Potential profit in 10 times bigger. - Mostly price moves with such cycles: 1st wave - pullback (volume accumulation) - 2nd wave. After end of this cycle price could change it direction. - I will open entry if price show signal according to my trading system ONLY. I'll share that entry with take profit and stop loss when this post will get 100 likes.
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Also why I think about a future pullback on Gold
A few weeks ago price bounced down from 6 years high $1432 but it didn't hit key zone $1360. That's why I think near $1437 $1440 we could get accurate entry.
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New analysis:
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Price in the range last 4 hours Is such places we wait when price will break it out and 1 hour candle will fix below or above. After that we open entry to continue.
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New idea:
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Price near key sell zone
Soon we could see accurate entry
do u wait for it?
Trade closed manually
Don't think to Sell GOLD Price broke up a key level. IF daily chart will close above we will have buy only!!!!!!!
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