Today, I’ve set a sell limit order on GOLD. This decision follows a technical analysis where I identified a key resistance level. I expect the gold price to rise to this level before reversing into a downtrend. My sell order will automatically activate once the price reaches this level, allowing me to capitalize on the potential drop. My strategy is based on signals like the price moving above the moving average and possibly overbought signals in technical indicators. My goal is to take profit at a defined support level.
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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.