New Trade Idea XAUUSD/ORO/GOLD
Primary Trade Setup
My analyzes are far away, but they are low risk businesses and, potentially, higher profits. If gold reaches this area, it would be a 61% retracement. The trends have to end and that's where we look for the price action.
Secondary Trade Setup
If the price decides to fall already, then it would be respecting 31% of fibonacci which is also a good area. We expect a retest before entering.
My analyzes are far away, but they are low risk businesses and, potentially, higher profits. If gold reaches this area, it would be a 61% retracement. The trends have to end and that's where we look for the price action.
Secondary Trade Setup
If the price decides to fall already, then it would be respecting 31% of fibonacci which is also a good area. We expect a retest before entering.
Note
144 potential pips from the first entry.Note
potential 300 pips
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.
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.