Gold expecting a small retracement at market open to test Fibonacci level 0.618 , as you can see we are forming a base here after multiple attempts.
I am going to buy at this level 0.618 or 2694 and hold until we reach 2750 which is a profit of 572 pips.
Trace is based on daily trend line and Fibonacci levels as well as key support and resistance levels.
As always to enter this trade wait for test and rejection at entry.
As this is a swing trade use correct lot size for your account and use proper risk management.
Ill update this as the week goes on but hoping this will work out for us.
news from Ukraine will play a big part in this trade so be diligent.
I am going to buy at this level 0.618 or 2694 and hold until we reach 2750 which is a profit of 572 pips.
Trace is based on daily trend line and Fibonacci levels as well as key support and resistance levels.
As always to enter this trade wait for test and rejection at entry.
As this is a swing trade use correct lot size for your account and use proper risk management.
Ill update this as the week goes on but hoping this will work out for us.
news from Ukraine will play a big part in this trade so be diligent.
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.