Gold started the week by reaching a new all-time high near the 2,900 mark.
However, as I explained in my weekend analysis, while the overall trend remains strongly bullish, I anticipate a pullback to correct the 3,000-pip rally since the beginning of the year.
I am looking to enter a sell position with a tight stop-loss, aiming for a 1:3 risk-reward ratio to justify this high-risk trade.
However, as I explained in my weekend analysis, while the overall trend remains strongly bullish, I anticipate a pullback to correct the 3,000-pip rally since the beginning of the year.
I am looking to enter a sell position with a tight stop-loss, aiming for a 1:3 risk-reward ratio to justify this high-risk trade.
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🎯 Want More Trading Ideas?
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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.