Gold has seen consolidation between $1200 and $1285. $1212 is the 76% retracement of the range.
Looking to buy $1230 for $1260 (4.9:1 reward:risk)
Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4)
In reversal, 3x sell for break even and profits into $1213.
Looking to buy $1230 for $1260 (4.9:1 reward:risk)
Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4)
In reversal, 3x sell for break even and profits into $1213.
Note
Half position closed at $1245. Expecting 5th Wave to completeNote
Trailing stop set at $1240Trade closed: stop reached
Trade closed at $1240Market subsequently higher at $1255
Badly set trailing stop, lesson learnt
1/2 trade closed @ +$15
1/2 trade closed @ +$10
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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.
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.