XAUUSD short term position setup
Updated
if you are interest to take more free risk positions on gold here is my setup trigger levels for short positions on XAUUSD.
don't forget to setup your positions based on money management and volume.
Sell at first level around 1942$
Sell above second level around 1948$
Sell at third area around 1965$
you can also set sell position bellow the baseline on my chart in the case price didn't move up
to retest my levels. (this is just the caution scenario)
setting stop loss and take profit is up to your strategy.
however I will update after the proper rally or drop again.
the nearest TP.s are the orange levels showing on my chart. (it's a temporary setup)
Enjoy the market
don't forget to setup your positions based on money management and volume.
Sell at first level around 1942$
Sell above second level around 1948$
Sell at third area around 1965$
you can also set sell position bellow the baseline on my chart in the case price didn't move up
to retest my levels. (this is just the caution scenario)
setting stop loss and take profit is up to your strategy.
however I will update after the proper rally or drop again.
the nearest TP.s are the orange levels showing on my chart. (it's a temporary setup)
Enjoy the market
Trade active
All positions almost triggered, however to prevent loosing, set your stop loss above 1970$ or based on your strategy. our taking profit is around the orange lines on chart.
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