Am looking for Gold to initially rise at market open, I think the disaster which was Trump diplomatic meeting will have an effect on the price of Gold.
My stratigy would be to buy until 2879/80 and expect the rejection at 2880 down to 2811 for a total of 200 pips on the buy and 670 pips on the sell.
Trade is base on higher time fram support and resistance plus the fact that now we can see the bulls running out of steam the last few trading days.
I think the inital market open will rise before continueing to hit resistance and fall.
Thee trades are high pip value so you have to be flexable on your stop loss within reason, it is better to use small lot size so you can avoid considerable drawdown if they go wrong.
Check out my other trade ideas below
My stratigy would be to buy until 2879/80 and expect the rejection at 2880 down to 2811 for a total of 200 pips on the buy and 670 pips on the sell.
Trade is base on higher time fram support and resistance plus the fact that now we can see the bulls running out of steam the last few trading days.
I think the inital market open will rise before continueing to hit resistance and fall.
Thee trades are high pip value so you have to be flexable on your stop loss within reason, it is better to use small lot size so you can avoid considerable drawdown if they go wrong.
Check out my other trade ideas below
Note
This is still developing levels are good Order cancelled
Cancelling this posting a new swing trade
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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.