XAUUSD Sandwich 8-25
Outlook on Gold:
Gold is looking to leave the indecision area and sell off into the demand zone.
Before entering we want to be looking for an area where price has consolidated and we want price to break that area before entering the trade.
The consolidation area we are looking to get past is the area around 1915. once we are able to see price push below this we will be clear to enter and watch price fall into our zone
RRR on this trade is 1.71 to 1 meaning it is above the 1.5 to 1 needed to enter according to our trading plan.
Please use correct risk management and like and comment on this post as you see fit.
Gold is looking to leave the indecision area and sell off into the demand zone.
Before entering we want to be looking for an area where price has consolidated and we want price to break that area before entering the trade.
The consolidation area we are looking to get past is the area around 1915. once we are able to see price push below this we will be clear to enter and watch price fall into our zone
RRR on this trade is 1.71 to 1 meaning it is above the 1.5 to 1 needed to enter according to our trading plan.
Please use correct risk management and like and comment on this post as you see fit.
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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.