XAUUSD (Gold) Sell Limit $1291.00 > $1251.00 (Profit:Risk = 2:1)
Updated
XAU/USD ( Gold )
Information:
Gold has confirmed globally that it is ready to keep falling. Trend is bearish .
We have observed a downward channel in which gold is expected below $1251.00
The entry point for sale coincides with the 200 moving average.
About stop loss:
Stop loss is located behind the locked maximum (behind the channel)
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Sell Limit (x5 Leverage) = $1291.00
Take Profit (x5 Leverage) = $1251.00
Stop Loss (x5 Leverage) = $1311.00
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Take Profit = +3.10%
Stop Loss = -1.55%
---------------------
Profit:Risk = 2 : 1
Profit:Risk = +15.5% : -7.75%
Information:
Gold has confirmed globally that it is ready to keep falling. Trend is bearish .
We have observed a downward channel in which gold is expected below $1251.00
The entry point for sale coincides with the 200 moving average.
About stop loss:
Stop loss is located behind the locked maximum (behind the channel)
------
Sell Limit (x5 Leverage) = $1291.00
Take Profit (x5 Leverage) = $1251.00
Stop Loss (x5 Leverage) = $1311.00
------
Take Profit = +3.10%
Stop Loss = -1.55%
---------------------
Profit:Risk = 2 : 1
Profit:Risk = +15.5% : -7.75%
Trade active
Sell Limit (x5 Leverage) = $1291.00 Trade closed manually
Closed = $1276.00 (+1.15% x 5 Leverage = +5.75%)
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