[XAUUSD Short] 25 May, 2021 - Roger V Trading Ideas
25/5/2021
XAUUSD
Entry Resistance level idea:
1880.00 Resistance
TP Support level idea:
1838.00
Final SL for all Short positions:
1896 Resistance Level
1909 Resistance Level (Final)
Comment:
This XAUUSD Gold trade ideas was made on the 25th of May 2021 on FB Group. However, did not get a chance to comment on here.
As far happened since 25th of May, the trading idea stoploss was hit at 1896 for the first order in. However, the second time in should be at around 1906~1909. The trend tested its resistance, and did not breakout. Meaning that, the trading ideas for gold valid.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
XAUUSD
Entry Resistance level idea:
1880.00 Resistance
TP Support level idea:
1838.00
Final SL for all Short positions:
1896 Resistance Level
1909 Resistance Level (Final)
Comment:
This XAUUSD Gold trade ideas was made on the 25th of May 2021 on FB Group. However, did not get a chance to comment on here.
As far happened since 25th of May, the trading idea stoploss was hit at 1896 for the first order in. However, the second time in should be at around 1906~1909. The trend tested its resistance, and did not breakout. Meaning that, the trading ideas for gold valid.
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Trade active:
Only Cons about this one was that it reached to 1909 resistance level and consolidate a bit over there and I gave a bit more to 1913 and it got hit again. But it seemed to be fake breakout.
Comment:
Friday - It has hit a support level in the H4, and most likely if this week going to form a bearish candlestick on the weekly, next week, it is very likely to be a retracement week. However, direction does not change from the trading idea.
Trade closed: target reached:
Got to 1844 ish, it is close enough to the TP AIM, Roger V Trading idea finished for XAUUSD. Will provide next one for retracement.