Hi Traders,
This gold trading idea is based on technical analysis. As you can see, the price has broken below the critical support level of 2,888.133, indicating increased sell pressure. A significant long squeeze is likely underway, with potential downward targets at 2,846.20, 2,824.881, and 2,804.207.
Entry Zone: Any price between 2,909.013–2,888.133 presents an optimal range for placing sell orders.
Stop Loss: Set at 2,930.18 to manage risk effectively.
This gold trading idea is based on technical analysis. As you can see, the price has broken below the critical support level of 2,888.133, indicating increased sell pressure. A significant long squeeze is likely underway, with potential downward targets at 2,846.20, 2,824.881, and 2,804.207.
Entry Zone: Any price between 2,909.013–2,888.133 presents an optimal range for placing sell orders.
Stop Loss: Set at 2,930.18 to manage risk effectively.
Note
first target reached +400 pipsTrade active
Trade closed: stop reached
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.
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.