asiangoldtraders5

asiangoldtraders5

Gold Futures Short at 2730 $ as Double Top Pattern formation completed and Neck Line is Broke successfully with retest done in H1 time frame. Expected fall towards 2700 $ which will be Profit Taking level. Characteristics of a Double Top Pattern: Two Peaks: The price creates two nearly equal highs, indicating strong resistance at that level. The peaks are...

asiangoldtraders5

Short entry between 2650-2670 Profit Taking zones are 2630-2600-2575 Max risk 5% of equity with averaging strategy in zone of 2650-2670 Bearish Head and Shoulder Pattern indicates more deep fall in Gold towards $2630-$2600-$2575 My chart analysis on gold futures contract Neck Line is retesting again and again which will be attraction for buyers but be...

asiangoldtraders5

Short Entry Zone 2710-2700 Future contract Profit taking zone 2665 Stop Loss( Risk 5% of equity) recommended because in this zone I prefer averaging trade with Max risk of 5% of equity Bearish flag formation which indicate heavy price fall. A **bearish continuation flag** is a technical chart pattern often observed in financial markets, indicating the potential...

asiangoldtraders5

Sell between area of 2700 to 2710 Martingale strategy recommended on this stage Smart Money Trap is ready for Buyer Profit Taking zone will be 2665. 5% Risk of equity can be divided in 5 averages trades. Conclusion: In summary, the Martingale strategy is a high-risk, high-reward approach that aims to capitalize on eventual wins to recover losses. However,...