Gold will lose its shine at $2,029 area
Gold rush! everyone is buying gold and in the past 5 days 
XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.
Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion:
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion:
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
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.