theoris

Quick sell Gold again

Short
theoris Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
detail in comment
Comment:
I wait till Gold slow volatile than past hour.
I still sell bias with Tight stoploss.
This entry around red area zone
and invalid if gold move than 1499.5 ( if you trade in long term and use large sl . but I trade in short term and don't want to big loss. or large drawndown)
Target arund 1482 - 1473
Comment:
+40 pips rgiht now , if you fear from loss (because my 2 last trade idea have profit and back to stoploss ) because market is swing in range.
you can move sl to be and partial close in profit
Comment:
I wait price break down this trendline
if can will drop to Target as we want.
if not may hit Beak even again and can scalping buy too ( I am not recommend if not have time to focus chart )
Comment:
Gold drop around 100 pips and back to hit BE on London session.
and I just buy after breaking up and will see again if it have bearish signal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.