FURTHER DOWN WITH GOLD
Our initial Gold entry has been a success so far,unfortunately the time cost over profit had been depleted and we had to secure our profits and seek greener ventures in Gold still:
We anticipate a further drop of Gold at the touch of the top resistance line of the inclined channel,and a possible breakout thereof to our 2nd and 3rd TPs respectively.
Sell XAU/USD @ 2581.500/2582.100
SL at appetite digression
TP1: 2571.000
TP2: 2565.000
TP3: 2545.000 respectively.
Please be advised that this analysis did not accommodate any fundamentals engravings(keeping in mind that we are in the midst of US interest rates verdict and FOMC conference ahead of us.)
Do also be advised that our market analysis and forecasts do not guarantee any success in trading nor does this imply that no losses may occur.
It is therefore highly advisable to trade with care and use proper risk management.
Best of luck!
We anticipate a further drop of Gold at the touch of the top resistance line of the inclined channel,and a possible breakout thereof to our 2nd and 3rd TPs respectively.
Sell XAU/USD @ 2581.500/2582.100
SL at appetite digression
TP1: 2571.000
TP2: 2565.000
TP3: 2545.000 respectively.
Please be advised that this analysis did not accommodate any fundamentals engravings(keeping in mind that we are in the midst of US interest rates verdict and FOMC conference ahead of us.)
Do also be advised that our market analysis and forecasts do not guarantee any success in trading nor does this imply that no losses may occur.
It is therefore highly advisable to trade with care and use proper risk management.
Best of luck!
Order cancelled
Market took an early exit.Trade active
Trade anticipation reinstated.The early bolt failed to brake through and maintain the momentum down.therefore we may still be credited a chance to enter the market.
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.