#DayTrading #Gold
GOLD trade with a tight stop loss. Risk/Reward 29. I ignored gold’s uptrend for a while but decided to try a long position with a short stop loss. Looking at the 6-month chart, there’s still room to climb.
Entry: $3,642
Stop Loss: $3,609
First Take Profit: $4,600
Risk/Reward: 29.03
Chart:
GOLD trade with a tight stop loss. Risk/Reward 29. I ignored gold’s uptrend for a while but decided to try a long position with a short stop loss. Looking at the 6-month chart, there’s still room to climb.Entry: $3,642
Stop Loss: $3,609
First Take Profit: $4,600
Risk/Reward: 29.03
Chart:
Trade attivo
Trade chiuso manualmente
#DayTrading #GoldGold’s had a nice run in a short time.
There’s some concern about a correction back to where the rally started, sweeping stop losses along the way.
Nota
Hey everyone.
Looks like a correction in the metals market might be kicking off.
I’ve marked rough correction targets for Gold, Platinum, and Silver on the chart.
We’ll keep an eye out, and as we approach the 227% Fibonacci level or the zones where the upward impulse started, I’ll start hunting for entry points.
By the way, I think that’s where traders’ stop losses.
Nota
🥇 #Gold GOLDI just went long on gold with a tight stop loss at $4193.
Set a temporary take-profit at $6203 for now.
If it breaks to new highs, I'll trail the trade.
➖ There's still solid upside potential left, especially looking back at how things played out in 1980.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.