DLavrov

Gold Trading Idea

FX:XAUUSD   Gold/U.S. Dollar
186 2 12
If we look at Gold             market, we'll see up trend and period of correction movement. Price broke MA50 and now it's between the possible resistance line and the support zone. For long trades we'll need price reversal from the 1310-1300 or MA100 which also will be confirmed by RSI and MACD . As for short trades, we can try to find entry levels based on 15 minutes and 1H charts with close profit targets. But don't be surprised if price bounces and reaches your stop orders. I think the better entry levels for short trades can be when price breaks the support zone and MA100. But don't forget that this down movement must be confirmed by DMI             and MACD indicators.

Related Ideas

greenplay
3 months ago
Thank you for posting the direction for Gold.
Reply
DLavrov greenplay
3 months ago
you are welcome!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out