You are trading gold in a market where the overall trend is bullish, indicating upward momentum. Recently, you executed a sell trade during a retracement, taking advantage of a temporary price decline against the prevailing uptrend. You have set a specific buying level at 2494, which is a support level where you anticipate the price may reverse back upwards. The strategy involves buying at 2494 if the price drops to this level, with the expectation that the bullish trend will resume, potentially leading to a new high above the previous peak.
Note
Retracement trade successfully $150 pips runningNote
all tp hits
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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.