Gold | Potential Downward Movement
💡 Trade Idea
📉 Sell Limit GOLD @ 1848.77
🎯 Target Profit 1766.50
🛑 Stop Loss 1875.37
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The metal manages to breakout the bullish channel to the downside after facing a strong daily resistance. On the daily time frame it posted an engulfing bearish candlestick showing a potential reversal to the 1766.50 level.
📉 Sell Limit GOLD @ 1848.77
🎯 Target Profit 1766.50
🛑 Stop Loss 1875.37
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The metal manages to breakout the bullish channel to the downside after facing a strong daily resistance. On the daily time frame it posted an engulfing bearish candlestick showing a potential reversal to the 1766.50 level.
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