Everyone loves gold.
With sufficient pips in the bag, we start week 22 with the analysis on gold as highlighted on the chart.
Trade parameters:
SL: 50pips
dtp : dynamic Take profit as momentum leads.
With sufficient pips in the bag, we start week 22 with the analysis on gold as highlighted on the chart.
Trade parameters:
SL: 50pips
dtp : dynamic Take profit as momentum leads.
Note
First entry @767 pinched 150 pips before retracing, closed for +50pipsExpecting price to continue on sell at next retrace level.
Trade active
Finally Price bouncing off predicted level of 3318.71 with entry @ 2112.Currently pinching +50pips
Trade closed: stop reached
Entry 2112 stoped out for -50pips2 trades: +50/-50
Sell entry @ 1742
SL at BE. next level 3302.71
Note
Target reached +1303 trades: +50/-50/+120 = 120pips
Buy entry @548
sl -50pips
Note
Trade closed be Why? Bcos we look for mometum at calculated levels, this was absent as highlighted.
Next buy level: 3267.74
Note
Price finally reach buy level but failed to move on first entry @7011 for -50pips.We can then see the break retest for sell entry @ 6550 pinching +100pips. A new level recalculated after break of 3267.79 at 3251.74 for buy entry @5484 closing at +50pips.
We didnt get the break-retest on 3251.74, so buy entry @5277 currently pinching + 230pips with stoploss at +100pips
9 trades: +50/-50/+120/0/-50/+100/+50/-50 = 170pips
Note
Price pinching+600pipsMove Sl to +400pips.
Expecting a strong momentum breaking past 3356.59
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.
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.