Not going to Long Gold while it is inside of descending channel
I am globally LONG oriented at Gold. However, the price is inside of descending (falling) channel. So, my approach with trading it right now - to Long above a red line and Short below a red line. This technique doesn't protect from huge accidentally moves.
Trade active
I am Long now. Descending channel helped me to enter Long much lower. Look at my new setup.
Trade closed manually
Order cancelled
The dangerous asset. A rigorous risk management is mandatory.
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.