XAUUSD - Setting up for a long bearish run
XAUUSD is expected to go bearish if it breaks support trendline of peanant and D1 closes below 1812.00. There are 3 trade opportunities within this big move.
Trade #1
Sell XAUUSD if D1 closes below 1812.00, Takeprofit: 1790.00, Stoploss: 1835.00 - 220 pips opportunity
Trade#2
buy XAUUSD around 1787.00 if H4 makes rejection candle, Takeprofit: 1810.00, Stoploss: 1775.00 - 200 pips opportunity
Trade#3
Sell XAUUSD around 1850.00 area, TP1: 1755.00, TP2: 1722.00, TP3: 1685.00 , Stoploss: 1835.00
It is a long term trade setup and may take 15-18 days for a omplete journey, many small rade opportunities will also come during this move which I will keep updating here.
Trade #1
Sell XAUUSD if D1 closes below 1812.00, Takeprofit: 1790.00, Stoploss: 1835.00 - 220 pips opportunity
Trade#2
buy XAUUSD around 1787.00 if H4 makes rejection candle, Takeprofit: 1810.00, Stoploss: 1775.00 - 200 pips opportunity
Trade#3
Sell XAUUSD around 1850.00 area, TP1: 1755.00, TP2: 1722.00, TP3: 1685.00 , Stoploss: 1835.00
It is a long term trade setup and may take 15-18 days for a omplete journey, many small rade opportunities will also come during this move which I will keep updating here.
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.
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.