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Everything on the chart.
open pos: market(1727) and put 1 more buy limit order on 1718
targets: 1774 and 1787
after first target reached move ur stop to breakeven
stop: under 1700 (depending of ur risk). ALWAYS follow ur RM .
Follow me on TRADING View, if you...
Gold break thru major support recently, was expecting it to bounce at least from 1880 level to retest 1965 but seem like it going to retest 1815-1830 level first.
Hence I will enter short at 1860 - 1870 level.
In the name of ALLAH who is the most MERCIFUL and the MASTER...
I strictly take trading as a business, not a gambling stuff.
I have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels.
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your...
Finally hit my short TP at 1903 although it overshoot to 1885 level.
But anyway lets get back with bull for now.
I was expecting to long at 1860 level but it seem gold may retest 1960-1970 first before further downside.
Gold made a nice push up since market open yesterday but showed price weakening in the 1954 level so I sold when the ascending channel on the 15 min was broken. Now I’m targeting a 4H low that’s been holding strong for a week or so now👍🏽
After Long and Short yesterday, Gold continues Bearish as expected.
As gold just break main support just now.
I will keep shorting until we hit bottom before start going long.
This week could drop below 1900.
Next Update in Comment Section.
⁂ BUY zone: $1820-$1900
↳ the rest of the analysis summary, shows at the chart
feel free and welcome to comment and post your own idea and forecast.
Remember: this is a positional trade and I may share opposite trades during the coming weeks. this is my core INVESTMENT approach and less frequent trading orientated.
good luck !
Corrective Pattern at weekly timeframe, follow my DXY analysis for Long term and you will understand my call on gold, keep in mind this is long term target! Take it as a investment trade, go low lot sizes and hold
This target comes from all speculation Long on gold ( 80%+ ) corrective pattern also convinced everyone (who wasn't convinced yet for a perma bull...
Live time Trading update.
Check my previous chart as currently I'm shorting.
Now I will be looking to BUY.
So I will be updating at comment here or new chart soon for LONG !
Check my profile if you want more of my TA. Cheers.