Will it be a breakout or fakeout?
From the big timeframe gold looks to break the trendline and try to retest the trendline and continue its rise.
but I know very well the characteristics of gold especially on Friday when it happens like this, the breakout occurs on Friday, it is more likely for gold to make a fakeout, so from my analysis I chose to sell.
SL: 2660.693
TP 1: 2638.918 (+2)
TP 2: 2622.625 (+4.41)
but I know very well the characteristics of gold especially on Friday when it happens like this, the breakout occurs on Friday, it is more likely for gold to make a fakeout, so from my analysis I chose to sell.
SL: 2660.693
TP 1: 2638.918 (+2)
TP 2: 2622.625 (+4.41)
Trade closed: target reached
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.