Gold Medium term SELL
Happy New Year, fellow traders!
Gold has finally stopped after almost two weeks of rally and currently has reached a resistance. I see a potential for a sell trade with SL slightly past 1330 and TP just above 1300 to be safe.
In addition to the technical analysis, stronger US Dollar and Stoch RSI also indicate on a potential for a sell trade.
Gold has finally stopped after almost two weeks of rally and currently has reached a resistance. I see a potential for a sell trade with SL slightly past 1330 and TP just above 1300 to be safe.
In addition to the technical analysis, stronger US Dollar and Stoch RSI also indicate on a potential for a sell trade.
Trade active
So yesterday we had a sharp upward movement but the price did not reach the SL level. Let's keep trading! :)Trade closed: stop reached
Ok, so Gold has reached my SL level.
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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.