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ForexTrendline
Oct 11, 2021 11:38 AM

GOLD with new sell opportunities! Short

GOLD / U.S. DOLLARICE

Description

Our analysis on GOLD from Friday got more than 100 likes! Thanks for the support!


After the rejection on Friday, price is now at support.
If you currently have any short positions, make sure to move your SL, however this is not a moment where we should open new positions.

We will be going short again once we see price breaking below previous lows, or if it goes back to test the sell zone again.
In case of a break and retest of the previous low, we will have better risk to reward ratio and higher probability as well.
If price goes back to the sell zone, we will be looking for another rejection and possible entries from there.

The targets remain below 1725. Specific take profit levels, we will share with you in our next analysis.
Comments
Marich-fem-analyst
Awesome 👏
MohamedMostafa99
Is it possible that there will be a drop from 1792
MrDigger
No! Minimum 1740-1745
ForexTrendline
@MrDigger, okay, let's see
KlejdiCuni
Nice one!
ForexTrendline
@KlejdiCuni, thank you!
VasilyTrader
Thank you for posting this idea!
ForexTrendline
@VasilyTrader, you're welcome, thanks!
financialflagship
Clean chart and detailed analysis. Thanks for sharing your insights. 🙌
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