Will Gold XAUUSD Reach 2K?
Now let me take you through my thought process on what could happen.
Market opens and we get the drop I expect and it moves to target, you'll notice the target is not 2K and that is because I'm interested in securing profit and anything under 2K but above the recent highs is good for me.
My stop is at a level that would indicate a break in structure and if it gets hit then short opportunities would be on the table.
I will update as necessary.
Hope you enjoyed this idea, please follow for more trade ideas for currencies and commodities.
Market opens and we get the drop I expect and it moves to target, you'll notice the target is not 2K and that is because I'm interested in securing profit and anything under 2K but above the recent highs is good for me.
My stop is at a level that would indicate a break in structure and if it gets hit then short opportunities would be on the table.
I will update as necessary.
Hope you enjoyed this idea, please follow for more trade ideas for currencies and commodities.
Note
Failed To hit my buy limit and then a big move braking the previous high invalidates this trade.
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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.