Hello traders,
GOLD is facing two ways to reach 1900-1911 zone on daily chart.
It would go sideways inside the red rectangle to consolidate before new leg up to test new high.
Or
it would continue to rise in a rough way insidw a flat red channel till it hit the 1900-1911 zone.
Both ways would need you to setup in a lower timeframe chart .
The correction idea in my last idea is not valid anymore with new price action.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
GOLD is facing two ways to reach 1900-1911 zone on daily chart.
It would go sideways inside the red rectangle to consolidate before new leg up to test new high.
Or
it would continue to rise in a rough way insidw a flat red channel till it hit the 1900-1911 zone.
Both ways would need you to setup in a lower timeframe chart .
The correction idea in my last idea is not valid anymore with new price action.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
Trade closed: stop reached
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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.
Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
Related publications
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.