GOLD WEEKLY ANALYSIS (SHORT OPPORTUNITY ON H4 TIMEFRAME)
Güncellendi
Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead!
Gold has been trying to break above 1745 for the past week. However, price failed to break above 1745 and looks like ready to push to the downside.
Gold price is at critical level at the moment, which lies between minor uptrend and major downtrend as shown in the chart.
Therefore, a break of minor uptrend will trigger bearish movement to 1720. Break below 1720 would push the price to 1708 and ultimately to 1700.
Entry price: 1727.50
SL: 1745.00
TP: 1708.00
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Gold has been trying to break above 1745 for the past week. However, price failed to break above 1745 and looks like ready to push to the downside.
Gold price is at critical level at the moment, which lies between minor uptrend and major downtrend as shown in the chart.
Therefore, a break of minor uptrend will trigger bearish movement to 1720. Break below 1720 would push the price to 1708 and ultimately to 1700.
Entry price: 1727.50
SL: 1745.00
TP: 1708.00
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Yorum
Do note that a safer approach will be a break to the downside to 1720 and enter short entry after a retest on the trendline with price of 1727. *Arrow indication as shown on the chart above.
İşlem kapandı: hedefe ulaştı
TP HIT! We will be looking at a correction to 1720-1722 before gold retest 1700. Another analysis on gold will be up soon.
Feragatname
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