tntsunrise
Short

GOLD 1H 2618 AND CYPHER

FX:XAUUSD   Gold Spot / U.S. Dollar
3544 16 90
GOLD             1H 2618 AND CYPHER
Watch zone 1292.83-1296.00
I will be interested to short gold             again
if i see bearish price action.
RSI is not overbought now
Use RSI as a tool as well.
Trade with your plan
SL above 1305
Calculate your lot size.
2% Risk for one trade.
Comment:
snapshot

Slightly changed
Comment: Nice Rejection at 0.618 level
Comment:
snapshot

Look How perfect the Zone act as resistance.
Did you short gold?
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Still in up trend! Don't mess with the trend!
We have divergence in daily so better to wait for the breakout!
snapshot
Reply
Which is the name of that fibo indicator?
Reply
tntsunrise TOP alanprotrader
FIB RETRACEMENT
Reply
Gold did 61.8 infact little more...
Reply
Start the rising on GOLD? i didnt close my buys and now i am lossing 120 pips.
Reply
Zohaib_Malik alanprotrader
We have divergence in daily so be careful
snapshot

Reply
Zohaib_Malik Zohaib_Malik
move your stops to BE
Reply
Highly doubt we will go lower ... Bad NFP coming up means gold fly
Reply
tntsunrise TOP BjornPfaff
i'ts ok. see price action and determine whether to enter or not.
In a Trade process we have: IdentIfy, Predict, Decisde, Excute, 4 steps.
Will decide whether to take this trade or not after NFP
Reply
BjornPfaff tntsunrise
If you want i can share my charts to you and explain why etc .. just let me know i only want to help. Thanks for the reply
Reply
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