Gold Gram TRY can Test Resistance
Updated
We can test the resistance.
This analysis is mostly for those who hold Gold on a gram Turkish Lira basis.
On weekly chart (1W) , Long signal observed :
It may be less risky in the following parameters.
But my conviction is that the declines should be average lowered.
Even if I don't think of sales, let's give the parameters to put the analysis on a suitable ground:
Above these levels means a brand new channel opening.
And the channel goes up to 360 levels.
Let's see our first goal, we do our second analysis within the permanence.
But as I mentioned before, I prefer to lower the average instead of the Stop-Loss.
Regards.
This analysis is mostly for those who hold Gold on a gram Turkish Lira basis.
On weekly chart (1W) , Long signal observed :
It may be less risky in the following parameters.
But my conviction is that the declines should be average lowered.
Even if I don't think of sales, let's give the parameters to put the analysis on a suitable ground:
- Risk/Reward Ratio : 1/2
- Position Size : %25 of Portfolio
- Stop-Loss : Normally the average should be lowered : 300.407
- Goal : 305.897
Above these levels means a brand new channel opening.
And the channel goes up to 360 levels.
Let's see our first goal, we do our second analysis within the permanence.
But as I mentioned before, I prefer to lower the average instead of the Stop-Loss.
Regards.
Note
As i told before , im looking for buy oppurtunity , not will try stop , i ll share this plans' long projection version with Distributional Levels , regards.Trade closed: stop reached
Note
We touched the Resistance!In case of overcoming resistance and permanence, new analysis will be shared.
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