We are now at all-time highs, with strong bullish momentum and no clear top in sight. Analyzing the market’s direction within this range is extremely difficult.
In the absence of clear signals and conditions that align with my trading logic, I believe the best approach is to take a break — consider it an extended weekend.
The gold market will always be there; there’s no rush to jump in with capital and engage in reckless trading today. For individual traders, survival is the most important thing.
In the absence of clear signals and conditions that align with my trading logic, I believe the best approach is to take a break — consider it an extended weekend.
The gold market will always be there; there’s no rush to jump in with capital and engage in reckless trading today. For individual traders, survival is the most important thing.
Trade active
If you guys really want to trade, I would consider attempting a SELL near 2990, with a Stop Loss set at 2991.If my Stop Loss gets hit, I won’t take any further trades for the rest of the day.
Trade closed: stop reached
Alright, no trades for the rest of the day.
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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.