XAUUSD SELL PLAN @3330_3335
SL : @3345
TP : @3288
TP : @3253
Trade Analysis
Early in the American session, gold is trading around 3,307, showing signs of exhaustion.
A further technical correction toward the 21SMA is likely in the coming hours.
On the H4 chart, we can see that gold is trading within a bullish trend channel formed on April 10th. It is likely that in the coming hours the metal could continue its a rise to 3,335 and could even reach 3,338.
If gold breaks and consolidates below 3,288, we could expect a strong downward movement.
So, the metal could continue its sell with a target at 3,274, and the price could eventually reach the +2/8 Murray located at 3,248.
if gold rise towards the 8/8 Murray located at 3,335, we could expect confirmation first if the gold price consolidates above the +1/8 Murray, then it could reach this target.
The indicator is reaching overbought levels, so we will look for opportunities to sell below its high of 3,335, with targets at 3,288, 3,274, and finally 3,248.
SL : @3345
TP : @3288
TP : @3253
Trade Analysis
Early in the American session, gold is trading around 3,307, showing signs of exhaustion.
A further technical correction toward the 21SMA is likely in the coming hours.
On the H4 chart, we can see that gold is trading within a bullish trend channel formed on April 10th. It is likely that in the coming hours the metal could continue its a rise to 3,335 and could even reach 3,338.
If gold breaks and consolidates below 3,288, we could expect a strong downward movement.
So, the metal could continue its sell with a target at 3,274, and the price could eventually reach the +2/8 Murray located at 3,248.
if gold rise towards the 8/8 Murray located at 3,335, we could expect confirmation first if the gold price consolidates above the +1/8 Murray, then it could reach this target.
The indicator is reaching overbought levels, so we will look for opportunities to sell below its high of 3,335, with targets at 3,288, 3,274, and finally 3,248.
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FREE SIGNAL (95% accuracy ) TP AND SL PROVIDED
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t.me/tradeaction0
VIP Telegram Channel
t.me/FxMr_Signal
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.
DAILY FREE SIGNAL.
FREE SIGNAL (95% accuracy ) TP AND SL PROVIDED
Public Telegram Channel
t.me/tradeaction0
VIP Telegram Channel
t.me/FxMr_Signal
FREE SIGNAL (95% accuracy ) TP AND SL PROVIDED
Public Telegram Channel
t.me/tradeaction0
VIP Telegram Channel
t.me/FxMr_Signal
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.