What is gold going to do?
Here we have a price trap, price is coming a bottle neck point where big moves will happen? as you can see from the chart I have predicted the forecast on both directions.
This will be good if you want to hedge it with buy/sell stops, but not recommended as their will be loads of liquidity in these areas. Price is most likely to spike before the move happens to stop out all the hedgers.
Please let me know what you think!
Here we have a price trap, price is coming a bottle neck point where big moves will happen? as you can see from the chart I have predicted the forecast on both directions.
This will be good if you want to hedge it with buy/sell stops, but not recommended as their will be loads of liquidity in these areas. Price is most likely to spike before the move happens to stop out all the hedgers.
Please let me know what you think!
Trade closed: stop reached
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.