CFDs on Gold (15-Minute Chart)
Analysis:
The price is moving within an upward channel and may potentially reach the target of 2770.704.
Support zones indicate key levels where the price might retrace.
The stop loss is set at 2734.542 to limit losses in case of a downward breakout.
Strategy:
1. Entry: Look for buying opportunities near the support zones within the channel.
2. Target: Take profit at 2770.704 or the upper channel boundary.
3. Stop Loss: Place the stop loss at 2734.542 to manage risk.
Recommendation:
Avoid placing large orders without confirmation of an upward breakout through candlestick closure.
The price is moving within an upward channel and may potentially reach the target of 2770.704.
Support zones indicate key levels where the price might retrace.
The stop loss is set at 2734.542 to limit losses in case of a downward breakout.
Strategy:
1. Entry: Look for buying opportunities near the support zones within the channel.
2. Target: Take profit at 2770.704 or the upper channel boundary.
3. Stop Loss: Place the stop loss at 2734.542 to manage risk.
Recommendation:
Avoid placing large orders without confirmation of an upward breakout through candlestick closure.
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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.
"Join our Telegram channel to receive free, high-quality trading signals. Stay ahead in the market with our expert insights!
t.me/LunaTrader_1
t.me/LunaTrader_1
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.