Hi traders!
(This trade was already shared with students)
I needed confirmation of the down move before going into this trade. Now that gold clearly broke support and close under it is what we needed. USDJPY also showed us the way! We will have a classic retracement of the up move with gold going for those FIB extension
Here is what I'm thinking :
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
(This trade was already shared with students)
I needed confirmation of the down move before going into this trade. Now that gold clearly broke support and close under it is what we needed. USDJPY also showed us the way! We will have a classic retracement of the up move with gold going for those FIB extension
Here is what I'm thinking :
- XAUUSD SHORT:
- ENTRY : 1283.77
- SL : 1289.67
- TP : 1260.26
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Comment:
This was shared with students.
Trade active:
Opened short a mentioned price.