NeptenFX

XAU/USD 14.08.2023 short

Short
NeptenFX Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
Hello traders,

I am currently exploring potential sell positions around 1916 for the New York session. There's a notable resistance area at this level, characterized by a few wicks that were formed during the London session.

For my trade plan, my take profit (TP) targets would be set at 1911 or 1907 for today's trading session.

Please be aware that trading involves risks, and it's important to stay updated on market conditions and news events that could impact your trades. Best of luck with your trading strategy!
Trade active:
I believe reaching 1912.70 shouldn't pose a problem. Around this level, there is potential for a retracement to occur. I'll be monitoring the price action closely. The trade will be activated as long as no candle closes above 1916.
Comment:
If we see a acandle close and bullish pattern above 1913 I'll close my tarde
Trade closed manually:
Hello traders,

I wanted to inform you that I have manually closed my position. It seems that I don't observe enough downward momentum during the London session to maintain a position below 1913. There might be a better opportunity later in the New York session, but for the time being, I've decided to exit the trade. Please keep in mind that market conditions can change, and I'll continue to monitor the situation closely.

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