xauusd h2 short from resistance tp 2000 usd
Updated
🔸Hello traders, let's review the 2 hour chart for GOLD today. Ongoing distribution in
progress since January 2024, currently locked in trading range.
🔸Final pump in progress, however strong overhead resistance overhead will
likely contain any further gains, therefore risk/reward will shift in bears favor
as we close in on resistances near 2050 usd.
🔸Recommended strategy for gold bears: short sell rips/rallies toward resistances
near 2050/2055 usd, SL 2065 usd, TP1 2025, TP2 2000 usd. swing trade setup, patience
required. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
progress since January 2024, currently locked in trading range.
🔸Final pump in progress, however strong overhead resistance overhead will
likely contain any further gains, therefore risk/reward will shift in bears favor
as we close in on resistances near 2050 usd.
🔸Recommended strategy for gold bears: short sell rips/rallies toward resistances
near 2050/2055 usd, SL 2065 usd, TP1 2025, TP2 2000 usd. swing trade setup, patience
required. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comment
risk/reward shifting in bears favorComment
gbpcad h8 xabcd advanced entry buy/hold setup
Comment
gold mid-term outlook bears will target 1785 usd
Trade closed: target reached
TP1/TP2 hit. congrats if you followed.
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