Gold is currently displaying indications of a possible trend reversal on the H1 and H4 timeframes. However, on the D chart, it is still considered to be in a corrective wave (1900-1880 range of Fibo 0.5-0.618). As a result, it may be worth monitoring this level closely and considering a sell order.
Next week, it is possible to enter buy and sell orders at strong supply and demand zones. If you plan to enter these orders, it is important to set your Stop Loss (SL) and Take Profit (TP) levels. A suggested SL level is between 5-10 prices, while a suggested TP level is between 10-20 prices.
Here are some suggested entry points for buy and sell orders:
Entry Buy 1: 1845-1847
Entry Buy 2: 1821-1831
Entry Sell 1: 1870-1872
Entry Sell 2: 1888-1890
By adhering to these guidelines, you can better manage your trades and potentially minimize your risks
Next week, it is possible to enter buy and sell orders at strong supply and demand zones. If you plan to enter these orders, it is important to set your Stop Loss (SL) and Take Profit (TP) levels. A suggested SL level is between 5-10 prices, while a suggested TP level is between 10-20 prices.
Here are some suggested entry points for buy and sell orders:
Entry Buy 1: 1845-1847
Entry Buy 2: 1821-1831
Entry Sell 1: 1870-1872
Entry Sell 2: 1888-1890
By adhering to these guidelines, you can better manage your trades and potentially minimize your risks