theoris

Sell xauusd short term

Short
theoris Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
target in chart
sl control by risk management.
Comment:
sell second entry
Comment:
set sl 1524.52
Gold just form pennant it may break out up to its trend ( possible to form if can break 1524.5 zone )
please control risk and prepare to buy back if can break
can manually close all with loss if don't want more risk.
if not break up it is ok for this idea only hold this, if first entry is be - close and let second entry run.
Comment:
first entry close with small loss 5 pips
and let Second entry run by move sl to be
Comment:
because I don't sure chart can drop more than this or not
so I will loss from first entry a little and now
Second entry profit around 14 pips

For This idea is short term mailly I bias long and try to find best entry for buy more.
I partail close of second entry and wait to see chart agan. for buy.
Comment:
I buy gold back from this idea
Comment:
Buy idea hit sl
but Sell idea on this still run in profit 50 pips.
Trade closed: stop reached:
hit be
prepare to buy

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.