Gold Spot / U.S. DollarUpdated XAU/USD June 1st Trade Setup
Hello all here is the Gold setup for the day:
Short: Look for a break and close below 1832.02 to fill the range down to 1815.
Long: Look for a break above 1838.255 to fill the range up to 1846.
Risk Management:
Stop loss: Previous candle high (1-2% Risk)
Strategy:
When the Trade is in 10 Pip's profit close 50% and add a stop loss breakeven allowing runners to final take profit. Advance traders look for larger plays when available.
Blue Vertical Lines: Major News Events
Short: Look for a break and close below 1832.02 to fill the range down to 1815.
Long: Look for a break above 1838.255 to fill the range up to 1846.
Risk Management:
Stop loss: Previous candle high (1-2% Risk)
Strategy:
When the Trade is in 10 Pip's profit close 50% and add a stop loss breakeven allowing runners to final take profit. Advance traders look for larger plays when available.
Blue Vertical Lines: Major News Events
Note
Close 50% & add stop loss break even.
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.