As Gold rebounds off of its lows I will be looking to start a short position as it enters the key resistance area (purple zone). I will stay patient to add most of the position on a final swing up to grab liquidity above the key zone and ultimately complete a bearish divergence. My short target is a macro golden pocket, the bottom of a macro parallel channel, and the next big support level on Gold. $1,575-1,550.
Use proper risk management and a stop loss and this could be a very profitable trade, good luck!
Below is a zoomed out image of the trade discussed, looks good.
Use proper risk management and a stop loss and this could be a very profitable trade, good luck!
Below is a zoomed out image of the trade discussed, looks good.
Catatan
I took a closer look and I changed my short entry to the middle of purple zone, and an add at the top of the purple zone. I was missing a simple yet important piece of TA.Catatan
Still waiting... :)
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.