New trade for you this is based on trend lines , previous levels of support and resistance plus technical analysis.
In the short term expecting Gold to rise after the drop , target for entry on this swing would be 2632 which is an area of previous rejection.
Entry criteria is the following break and retest , my previous gold swing trade generated over 320 pips o multiple entries from the swing area.
target for this trade is 630 pips .
As always trade safe don't over leverage and because this is a swing trade recommended SL is 100 pips .
Ill update this as the week goes on
In the short term expecting Gold to rise after the drop , target for entry on this swing would be 2632 which is an area of previous rejection.
Entry criteria is the following break and retest , my previous gold swing trade generated over 320 pips o multiple entries from the swing area.
target for this trade is 630 pips .
As always trade safe don't over leverage and because this is a swing trade recommended SL is 100 pips .
Ill update this as the week goes on
Note
not activated yet wait for the downside
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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.
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.