until friday when the NFP report comes out, in my opinion buying gold at these levels is very risky, and I believe this cannot truly be an authentic growth, a growth based on data and reality. Therefore, my analysis on gold is that from this same range up to 4280 is a sell zone, which is roughly 1000 to 1100 pips. We should look to sell with a trigger, and we can set the stop-loss at 4380. A single take-profit of at least $3900 could be suitable. This gives us a reward of roughly 2700 pips, while our risk is about 2000 pips, and it's worthwhile. And from here, the higher it goes, the better our reward-to-risk ratio will become.
Disclaimer: This analysis is shared for educational and informational purposes only. It reflects a personal interpretation of price action and market structure and does not constitute financial or investment advice. Always conduct your own analysis, wait for market confirmation, and apply appropriate risk management before making any trading decisions.
Disclaimer: This analysis is shared for educational and informational purposes only. It reflects a personal interpretation of price action and market structure and does not constitute financial or investment advice. Always conduct your own analysis, wait for market confirmation, and apply appropriate risk management before making any trading decisions.
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