Hello
My take on another sell opportunity on Gold.
* After a really sharp move up wards, there has to be a correction against that move, which is happening right now. I'm looking at a scalp move downwards to 2041 levels.
* Expanding flat in the making
* B wave currently being formed
* No divergence in the MACD is another sign of it not being ready to move up just yet
* Place stop just above the high as it might move up to mitigate the gap
Trade with care
My take on another sell opportunity on Gold.
* After a really sharp move up wards, there has to be a correction against that move, which is happening right now. I'm looking at a scalp move downwards to 2041 levels.
* Expanding flat in the making
* B wave currently being formed
* No divergence in the MACD is another sign of it not being ready to move up just yet
* Place stop just above the high as it might move up to mitigate the gap
Trade with care
Trade active
Placing my stop loss at break even. Letting it ride and do whatever it wants. STRESS FREE RIDETrade closed: target reached
Take profit hit and DAILY TARGET met! Have a great weekend folks.
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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.