New World Capital - Article 2 - 04/24/2024
XAUUSD
At the time of this writing, Gold is currently trading at $2,333.37 and we entered a Buy Position @$2,330.
Trade Opportunity
Buy Gold @$2,330
TP@ $2,358
SL@ $2,324
Risk: 1% - 10%
Reward: 3%+ - 30%+
Day Trade
As per the chart, we can observe a flux of Buy orders triggered by panic selling from the previous Buyers. Gold has been rallying and making new highs. We are bullish on Gold and therefore believe that a fake-out can definitely happen to create liquidity and enter at a better price.
XAUUSD At the time of this writing, Gold is currently trading at $2,333.37 and we entered a Buy Position @$2,330.
Trade Opportunity
Buy Gold @$2,330
TP@ $2,358
SL@ $2,324
Risk: 1% - 10%
Reward: 3%+ - 30%+
Day Trade
As per the chart, we can observe a flux of Buy orders triggered by panic selling from the previous Buyers. Gold has been rallying and making new highs. We are bullish on Gold and therefore believe that a fake-out can definitely happen to create liquidity and enter at a better price.
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.