Shorting Gold: M15 Opportunity
📌 Asset: XAUUSD (Gold/USD)
📌 Timeframe: 15-minute (M15)
📌 Trade Direction: Short / Sell
🔹 Entry Points:
Aggressive: Around 2923.00
Conservative: Break below 2920.05
🔸 Trade Parameters:
✅ Stop Loss (SL): 2924.50
✅ Take Profit 1 (TP1): 2897.00
✅ Take Profit 2 (TP2) (Optional): 2891.00
📊 Rationale:
🔸 Visual bearish setup on the chart (red/green boxes indicating a downward move).
⚠️ Risk Management:
✔️ Risk 1-2% of capital.
✔️ Calculate risk-to-reward ratio before entry.
✔️ Monitor trade closely.
📌 Timeframe: 15-minute (M15)
📌 Trade Direction: Short / Sell
🔹 Entry Points:
Aggressive: Around 2923.00
Conservative: Break below 2920.05
🔸 Trade Parameters:
✅ Stop Loss (SL): 2924.50
✅ Take Profit 1 (TP1): 2897.00
✅ Take Profit 2 (TP2) (Optional): 2891.00
📊 Rationale:
🔸 Visual bearish setup on the chart (red/green boxes indicating a downward move).
⚠️ Risk Management:
✔️ Risk 1-2% of capital.
✔️ Calculate risk-to-reward ratio before entry.
✔️ Monitor trade closely.
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.