As gold failed to retrace back towards 1880, it continues to rally weekly for the past 5 weeks forming a seamless uptrend. The rally could be caused by a few factors besides the dollar being weak. It may continue to go but we might need a little 400-pip break for it to keep going. RSI is in the overbought zone. Fib just went outside the range zone so I will be looking to make changes.
The last gold trade closed off before we could make a good profit so this one is just an idea and overview of the market movement
However, I took a scalp Sell @1945 with Open Tp and no SL
Ps i will be checking on regular intervals til i get a confirmation
The last gold trade closed off before we could make a good profit so this one is just an idea and overview of the market movement
However, I took a scalp Sell @1945 with Open Tp and no SL
Ps i will be checking on regular intervals til i get a confirmation
Trade active
Just placedSL on Entry it has moved 100 pipsNote
Moving Sl to 1940Note
200 pips + Close if you want or move Sl
Trade closed: target reached
3 DAYS ...
LETS SEE WHATS NEXT
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.