Gold last week making new all-time highs practically every day what can we expect this week?
Let's have a look using charts and indicators with weekly, and daily trend lines to find the best entries for us.
I am expecting a retracement down to 2923.668 (2924 for entry) for a move of 78 pips.
If this happens wait for rejection at
2924/23 before entering a buy to Fibonacci level 1.618 which is 2970 for a total profit of 544 pips on the buy and 78 pips on the sell.
Did you know that if looking at this chart on a computer with a browser you get the option to copy the chart? You can see what indicators and set your own alarms at these levels.
As always with these types of trades use proper risk management, take profit along the way and realise you are trading one of the most volatile pairs especially around news time so be carful
Check out my other trade ideas below
Let's have a look using charts and indicators with weekly, and daily trend lines to find the best entries for us.
I am expecting a retracement down to 2923.668 (2924 for entry) for a move of 78 pips.
If this happens wait for rejection at
2924/23 before entering a buy to Fibonacci level 1.618 which is 2970 for a total profit of 544 pips on the buy and 78 pips on the sell.
Did you know that if looking at this chart on a computer with a browser you get the option to copy the chart? You can see what indicators and set your own alarms at these levels.
As always with these types of trades use proper risk management, take profit along the way and realise you are trading one of the most volatile pairs especially around news time so be carful
Check out my other trade ideas below
Trade active
Running 250 pipsNote
This has activated for a second time running 190 pips
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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.
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.