TradingView
machintose
Aug 18, 2020 6:23 AM

Gold will lose its shine at $2,029 area Short

GoldOANDA

Description

Gold rush! everyone is buying gold and in the past 5 days OANDA:XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.

Don't get tricked, we are a trader, we look for a better price and minimise our risks.

Here is my trade opinion:
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R

Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Comments
diazlueantz
I saw you put alert on 1970, any reason?
machintose
@diazlueantz, I didn't see any alert on 1970, would you care to screenshot. Thanks.
diazlueantz
@machintose, my bad, it actually my own. sorry about tat
More