Hello everyone. I want share mu idea about gold.
After pretty bearish movement we see now gold price going up again but i think here we have more strong sellers than buyers and its only correction. at high timeframe 1D, 1W we see gold broke strong support and then came back.
With my strategy for gold 1929 LVL resistance is strong, Fibonacci red levels which is kill zone showed me perfect entry for follow trend. i think at the level we will see touch today.
Open short position- 1929.00
Stop loss - 1939.00
Target - N/A ( I will follow trend with trail stop loss )
Always Risk your money how much you can lose from your position.
Be patient!!!!
After pretty bearish movement we see now gold price going up again but i think here we have more strong sellers than buyers and its only correction. at high timeframe 1D, 1W we see gold broke strong support and then came back.
With my strategy for gold 1929 LVL resistance is strong, Fibonacci red levels which is kill zone showed me perfect entry for follow trend. i think at the level we will see touch today.
Open short position- 1929.00
Stop loss - 1939.00
Target - N/A ( I will follow trend with trail stop loss )
Always Risk your money how much you can lose from your position.
Be patient!!!!
Trade closed: stop reached
I was wrong. For some negative news of dollar gold had strong buyers which had strong uptrend.
Dollar has still strong uptrend which should be correction of price movement.
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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.