Thanks for uploading the additional chart. This second image continues to illustrate a Head and Shoulders pattern on a trading chart for CFDs on Gold. Here’s a quick breakdown of what it represents:
Left Shoulder, Head, and Right Shoulder: These are clearly marked and highlighted with orange circles.
Neckline / Entry Line: This is the horizontal blue line,...
I'm planning a gold trade with the following details:
- *Entry Price*: 2340
- *Target Price (FVG)*: 3360
### Key Considerations:
1. *FVG (Fair Value Gap)* – This suggests you're targeting a liquidity zone or an imbalance area where price may react.
2. *Risk Management* – Ensure you have a stop-loss level (e.g., below recent swing lows or key support). ...
