Trading Plan Gold (XAUUSD) - Jan 14th 2022
The price appears to be moving out of track (break) of the up trendline.
Technically this indicates a potential for prices to move down as long as prices fail to break through 1828, or prices are unable to rise back to an upward trendline.
BUY AREA = 1802 - 1809
STOP LOSS = 1799
TARGET = 1812 - 1816
For a small account, you can place BUY LIMIT at a lower price (e.g. 1804), to keep the risk small.
Disclaimer On
The price appears to be moving out of track (break) of the up trendline.
Technically this indicates a potential for prices to move down as long as prices fail to break through 1828, or prices are unable to rise back to an upward trendline.
BUY AREA = 1802 - 1809
STOP LOSS = 1799
TARGET = 1812 - 1816
For a small account, you can place BUY LIMIT at a lower price (e.g. 1804), to keep the risk small.
Disclaimer On
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.