gold market short-term update bears maintain control
Updated
🔸Hello traders, here's a short-term gold market update, this is 2 hour price chart.
recently price action is contained within well-defined price range.
🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices
overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd
near mid-range, no trades recommended in mid-range.
🔸Short-term outlook and recommended strategy: higher risk strategy, bulls
may look for a final pump near range lows , buying near 2010/2015 usd with
SL fixed at 2000 usd, however this is a higher risk strategy. Recommended
strategy is to look for sell setups after final pump, so bears will do great
by short selling near 2050/2055 usd, SL fixed at 2065 usd, TP1 is 2020 USD
TP2 is 2000 USD. 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.
recently price action is contained within well-defined price range.
🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices
overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd
near mid-range, no trades recommended in mid-range.
🔸Short-term outlook and recommended strategy: higher risk strategy, bulls
may look for a final pump near range lows , buying near 2010/2015 usd with
SL fixed at 2000 usd, however this is a higher risk strategy. Recommended
strategy is to look for sell setups after final pump, so bears will do great
by short selling near 2050/2055 usd, SL fixed at 2065 usd, TP1 is 2020 USD
TP2 is 2000 USD. 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
buying low is a higher risk trade setup fyiComment
still stuck in the mid range ... no recommended trades at this price
🔸all my links on one page
taplink.cc/prsyndicate
🔸primary telegram channel
t.me/thesyndicate001
🔸75%+ win rate free gold signals
t.me/syndicategold001
🔸MT4 Forex EA/bot full-auto trading
breakoutedge.cc/
taplink.cc/prsyndicate
🔸primary telegram channel
t.me/thesyndicate001
🔸75%+ win rate free gold signals
t.me/syndicategold001
🔸MT4 Forex EA/bot full-auto trading
breakoutedge.cc/
Related publications
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.