XAUUSD A Potential Movement to the Downside 🔨🔨🔨
💡 Trade Idea
📉 Sell Order @ 1836.90
🎯 Target Profit 1807.62
🛑 Stop Loss 1851.15
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is ranging inside a wedge pattern where the gold has posted a higher correction toward the top end of the wedge formation. We have a confluence zone between the 61.8% Fibonacci retracement level and the resistance trendline which might cause a reversal and then a move to the downside to the 1807.62 mark.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
📉 Sell Order @ 1836.90
🎯 Target Profit 1807.62
🛑 Stop Loss 1851.15
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is ranging inside a wedge pattern where the gold has posted a higher correction toward the top end of the wedge formation. We have a confluence zone between the 61.8% Fibonacci retracement level and the resistance trendline which might cause a reversal and then a move to the downside to the 1807.62 mark.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
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.