Second trade for the day. For those who yet to see our first trade do refer to it first.
Gold price failed to break 1869 resistance level. Currently, price is trading outside its trend. Now, we are looking at a retest to the resistance zone for us to enter a sell. I will be updating the progress of this trade on this post.
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Gold price failed to break 1869 resistance level. Currently, price is trading outside its trend. Now, we are looking at a retest to the resistance zone for us to enter a sell. I will be updating the progress of this trade on this post.
Do drop a LIKE to support my content. Also, if you enjoy my daily updates on gold ( XAUUSD ), do drop me a FOLLOW on Tradingview. Greatly appreciated :)
Note
Sizing up (x2 size) a short position now at 61.8%. Based on the first chart, price failed to reject from the first resistance zone. I will be eyeing on 61.8% fib level for a short to the downside.
Trade closed: stop reached
Great volatility. Unfortunately, we got stopped out on this trade at 1870. Will be back tomorrow. Stay tune!!
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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.
Related publications
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.