Gold price seems to exhibit signs of temporary Bearish momentum on the Shorter timeframes as the price action may form a credible Lower Low on with multiple confluences through key Fibonacci and Resistance levels which presents us with a potential short opportunity.
Eventually, if Gold reaches a considerable discount on the Longer Timeframes, we may see a credible LONG opportunity.
Trade Plan :
Entry @ 2887
Stop Loss @ 2935
TP 1 @ 2939
Eventually, if Gold reaches a considerable discount on the Longer Timeframes, we may see a credible LONG opportunity.
Trade Plan :
Entry @ 2887
Stop Loss @ 2935
TP 1 @ 2939
Trade closed: stop reached
Note
Stop Loss Hunt. Let's prepare for potential Longs now.
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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.