Hi everyone,
What a nice run for Gold. Now, I think it could be rejected at 1300, which is a significant level. This first (or last) rejection could find support at 1290, then try to break the resistance above.
With a small portion, I will be shorting from 1300 to 1290, but this is not the main trade.
Buy entry: 1290.500 (can opt for any within 1290.XXX)
TP: 1309.479
SL: 1284.300
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
What a nice run for Gold. Now, I think it could be rejected at 1300, which is a significant level. This first (or last) rejection could find support at 1290, then try to break the resistance above.
With a small portion, I will be shorting from 1300 to 1290, but this is not the main trade.
Buy entry: 1290.500 (can opt for any within 1290.XXX)
TP: 1309.479
SL: 1284.300
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade closed manually
Trade not even triggered, obviously. The price destroyed any kind of resistance, therefore have to re evaluate.
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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.