Sells on Gold/XAUUSD
Updated
IDEA:
Gold is currently on a very clear bullish trend. Whether you're looking at the daily chart, weekly chart or even the hourly.
CONCLUSION:
We have 3 confirmations making this a high probability trade:
TRADE GUIDELINES:
Entry: 1928.00
SL: 1932.50
TP 1: 1924.00
TP 2: 1918.00
TP 3: 1915.00
Let me know what you think! Good luck! :)
Gold is currently on a very clear bullish trend. Whether you're looking at the daily chart, weekly chart or even the hourly.
CONCLUSION:
We have 3 confirmations making this a high probability trade:
- Overall bearish momentum
- Currently in a 1h bearish channel
- Bounce off strong resistance
TRADE GUIDELINES:
Entry: 1928.00
SL: 1932.50
TP 1: 1924.00
TP 2: 1918.00
TP 3: 1915.00
Let me know what you think! Good luck! :)
Note
Gold is currently on a very clear BEARISH*** trend. Still looking for sells all the way.Trade closed: stop reached
SL hit. Seems I was a bit off par with the analysis.This is understandable as Gold has broken out of our bearish channel, thus confirming buys, the bearish channel I posted was merely a retest and scalp sell.
This is what trading is, you win some - you lose some. Every loss is a lesson.
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