We see gold consolidating in a triangular formation, driven by the fears of brexit and with downward force due to the trade agreement between China-USA, according to the agenda the tune for gold may sound according to the technical analysis of the chart.
Price and RSI levels quickly overbought
The plan is to wait for the upper part of the triangle to a bearish candle to take the best possible benefit risk
Risk: 0.35%
Reward: 1.12%
The analysis is for informational use only.
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Promoting safe risk management is the most important.
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The market situation may change so adjustments at discretion without prior notification may occur, trade the trade.
Price and RSI levels quickly overbought
The plan is to wait for the upper part of the triangle to a bearish candle to take the best possible benefit risk
Risk: 0.35%
Reward: 1.12%
The analysis is for informational use only.
-------------------------------------------------------------------------
Promoting safe risk management is the most important.
------------------------------------------------------------------------
The market situation may change so adjustments at discretion without prior notification may occur, trade the trade.
Trade active:
On price
waiting bearish price
waiting bearish price
Order cancelled:
no bearish candle