Swing: Shiny metal looking lackluster (22/01/2019)
Gold exhibits signs of distribution with 1300 looking as the obvious resistance level. Price seems to reject this level and the volume is thin during the past 2 weeks. Price is also currently at the classic textbook support turned resistance zone.
P/S: This is a counter-trend trade. Please be nimble in your lot size.
EP: 1283
SL: 1311 (1300 will obviously be a stop-hunt level)
TP: 1255.60
Good luck in your trading journey!
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
P/S: This is a counter-trend trade. Please be nimble in your lot size.
EP: 1283
SL: 1311 (1300 will obviously be a stop-hunt level)
TP: 1255.60
Good luck in your trading journey!
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active
EP has been triggered. Best of luck!Trade closed: stop reached
Trade was stopped out.
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.