#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:
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#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.
Заметка
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.
Заметка
🥇 #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.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.