GOLD - DAY TRADE VIEW.
Updated
GOLD - Leave market commentary aside am directly jumping to the approach because this chart reading you may find difficult in understanding .
Currently trading at 1962
Approach should be Go for short sell here with 50% of the the lot you do normally and again short the rest 50% around 1964 , Maintain stop around 1968.
In case if it starts breaking before jumping towards 1964, go short with 50% below 1952 as it will be acting as a strong support zone.
Stop & reverse is 1968 for potential upside up to 1984 & 1994. So in case 1968 stop loss triggers for sell position get into buy side.
Still having problem in understanding ? Write in the comment section.
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Thanks !!
Currently trading at 1962
Approach should be Go for short sell here with 50% of the the lot you do normally and again short the rest 50% around 1964 , Maintain stop around 1968.
In case if it starts breaking before jumping towards 1964, go short with 50% below 1952 as it will be acting as a strong support zone.
Stop & reverse is 1968 for potential upside up to 1984 & 1994. So in case 1968 stop loss triggers for sell position get into buy side.
Still having problem in understanding ? Write in the comment section.
Why you should follow this tradingview account ?
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- 10 + years of trading experience
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Trade closed: target reached
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