### XAUUSD GOLD
==============
Check out the background information [here](tradingview.com/chart/XAUUSD/jJpTqXwB-Sell-Ideal-GOLD-XAUUSD/jJpTqXwB), and also review the related ideas.
A strong pullback at the current level is needed to confirm the break of the Timer TL and to justify short positions moving forward. Without this pullback, short positions become risky, as a bounce from the bottom of the trading range marked in purple is likely.
A seemingly lucrative sell opportunity might be present right now. As traders, our job is to find opportunities, assess the risks involved, plan accordingly, and execute trades. Considering all possible outcomes, the results will reflect our performance.
In view of potential further weakness in the markets and price movements favoring our shorts, it is crucial to remain mindful that this forecast is in its early stages. Continuous monitoring of momentum is vital, especially watching for signs of persistent strength entering the markets.
- Always size positions properly according to your risk level.
- Always be prepared for losses just as you expect profits.
- Always plan your trades according to the principles above.
Observe your drawdown (DD)!
==============
Check out the background information [here](tradingview.com/chart/XAUUSD/jJpTqXwB-Sell-Ideal-GOLD-XAUUSD/jJpTqXwB), and also review the related ideas.
A strong pullback at the current level is needed to confirm the break of the Timer TL and to justify short positions moving forward. Without this pullback, short positions become risky, as a bounce from the bottom of the trading range marked in purple is likely.
A seemingly lucrative sell opportunity might be present right now. As traders, our job is to find opportunities, assess the risks involved, plan accordingly, and execute trades. Considering all possible outcomes, the results will reflect our performance.
In view of potential further weakness in the markets and price movements favoring our shorts, it is crucial to remain mindful that this forecast is in its early stages. Continuous monitoring of momentum is vital, especially watching for signs of persistent strength entering the markets.
- Always size positions properly according to your risk level.
- Always be prepared for losses just as you expect profits.
- Always plan your trades according to the principles above.
Observe your drawdown (DD)!
Trade closed manually
Trade closed at 2344 for evaluations for possible longs targeting 2405. Until a decisive close below the level, no need to short the asset for now in view price towards the top of the range.
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.