for similar reason on why we tookthe buy ;last week, price action stayed with in the down trend channel and not only has broken out above area of interest it also has retested and respected the breakout area..
looking to see gold rally to some key retracement areas on the higher time frame
i will be looking to Short gold at or near 1937-1943 area with stops sitting above 1957 rejection and a swing target of 1864
trading is risky and one can loose some or all of their account balance!
Disclaimer - information shared is for educational and demo purposes only!! please master your emotions and manage your risk and you will be well on your way to becoming a profitable forex trader!!
looking to see gold rally to some key retracement areas on the higher time frame
i will be looking to Short gold at or near 1937-1943 area with stops sitting above 1957 rejection and a swing target of 1864
trading is risky and one can loose some or all of their account balance!
Disclaimer - information shared is for educational and demo purposes only!! please master your emotions and manage your risk and you will be well on your way to becoming a profitable forex trader!!
Trade closed: target reached