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Kindly drop your comment in the section below. Let me know what you think. Thank you.
SELL ENTRY @1786
SL @1791 (BEST PUT @1796)
TP IS OPEN (use the white horizontal lines or whatever your know how to use best)
Reasons to go short briefly on Gold:
- Intraday setup suggests that @1785/90 area can drive price downside...
- The 15mins POI for the buy setup has been achieved in previous post (check previous post) and now price stalls @1785/90
- The overall intraday bias is bearish.
- Setup has very good R:R of 1:5 even on lower TF
NB: We're approaching the end of the year and this precious metal can get very volatile. So, manage your risk properly.
Also, the R:R of this setup is 1:5, which is very good.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
Kindly drop your comment in the section below. Let me know what you think. Thank you.
SELL ENTRY @1786
SL @1791 (BEST PUT @1796)
TP IS OPEN (use the white horizontal lines or whatever your know how to use best)
Reasons to go short briefly on Gold:
- Intraday setup suggests that @1785/90 area can drive price downside...
- The 15mins POI for the buy setup has been achieved in previous post (check previous post) and now price stalls @1785/90
- The overall intraday bias is bearish.
- Setup has very good R:R of 1:5 even on lower TF
NB: We're approaching the end of the year and this precious metal can get very volatile. So, manage your risk properly.
Also, the R:R of this setup is 1:5, which is very good.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.