Hi Guys. Here we have
GOLD
on the 8hr chart. We can see that Gold has been trading within the range of $1300 and $1365 for most of 2018.
Gold has rallied recently due to the Geopolitical tension that has been going on. Both with rumors of a possible US-CHINA tradewar and now due to the Syria gas attack which has been creating tension both among enemies and allies. However, most likely (probably!) China and the USA will make a trade agreement that both agree on, Syria Gas attack.... Well lets be honest, how many times has this happened already, the market has already priced in a possible attack on Syria by the USA and even so we had another very strong rejection in the 1360 region once again.
We will be looking for today's daily close on Gold below the upper trendline to confirm our bearish setup.
TP1: 1338.80
TP2: 1323.68
TP3: 1309.04
SL: 1370.00
Don't forget risk management! :)
GOLD
on the 8hr chart. We can see that Gold has been trading within the range of $1300 and $1365 for most of 2018. Gold has rallied recently due to the Geopolitical tension that has been going on. Both with rumors of a possible US-CHINA tradewar and now due to the Syria gas attack which has been creating tension both among enemies and allies. However, most likely (probably!) China and the USA will make a trade agreement that both agree on, Syria Gas attack.... Well lets be honest, how many times has this happened already, the market has already priced in a possible attack on Syria by the USA and even so we had another very strong rejection in the 1360 region once again.
We will be looking for today's daily close on Gold below the upper trendline to confirm our bearish setup.
TP1: 1338.80
TP2: 1323.68
TP3: 1309.04
SL: 1370.00
Don't forget risk management! :)
Trade active:
1st target hit! SL can be set to entry for remainder of position.
Comment:
1st target hit! SL can be set to entry for remainder of position.
Comment:
Trade active:
Amazing! Hold for final taregt
Trade closed: target reached:
Third target hit!
Third target hit!