True to form, and following my projection from the 27th of June, 2022, Gold broke the 1800 barrier and fell below for a short moment ...
So where next?
Well, for the moment, Gold is going to pullback to the 1810 levels, before it breaks the 1800s again in the next downtrend.
It may be a good time to make profit from its short pullback. TP at 1810, with SL at 1795 with a 2:1 Reward to risk ratio. However, it is still in a downtrend, so if you want to be risk averse, best to set up a Short trade with a much lower TP in a longer time frame.
I will give more details on my trade later. Some analysis still to be done.
Meanwhile, if you have any comments or questions, feel free to leave comments or if you please, just DM me.
So where next?
Well, for the moment, Gold is going to pullback to the 1810 levels, before it breaks the 1800s again in the next downtrend.
It may be a good time to make profit from its short pullback. TP at 1810, with SL at 1795 with a 2:1 Reward to risk ratio. However, it is still in a downtrend, so if you want to be risk averse, best to set up a Short trade with a much lower TP in a longer time frame.
I will give more details on my trade later. Some analysis still to be done.
Meanwhile, if you have any comments or questions, feel free to leave comments or if you please, just DM me.
