XAUUSD Gold Short Trade For Swing Traders
Every day, the market sets new highs. According to the study, we should expect a good corrective move in the next days.
We have SL in the last two transactions. We intend to execute a swing sell trade with a risk-reward ratio of 1-10; if this fails, we will proceed with a 1-12 risk-reward ratio.
The market is at a point where a correction should occur, but the outlook for gold remains favorable.
Because the market is already at an all-time high, preparing a long trade now may be riskier, thus in order to be active in long trades this month, we must wait for at least 70-100 points of price correction.
You are all respectfully requested to use proper risk management when following these assessments and executing the suggested trades.
We have SL in the last two transactions. We intend to execute a swing sell trade with a risk-reward ratio of 1-10; if this fails, we will proceed with a 1-12 risk-reward ratio.
The market is at a point where a correction should occur, but the outlook for gold remains favorable.
Because the market is already at an all-time high, preparing a long trade now may be riskier, thus in order to be active in long trades this month, we must wait for at least 70-100 points of price correction.
You are all respectfully requested to use proper risk management when following these assessments and executing the suggested trades.
Related publications
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.
Related publications
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.