miladvie

XAUUSD NEED CORRECTION :: SHORT SETUP

Short
miladvie Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
follow me to notice you when i share new idea

in daily chart that seems the up trend is end and in lower time frame h4 shift structure is almost there, the safe entry is 2324 :: stop loss :: 2365 :: target point 2138 :: R/R 1/4.7


i do not recommend any long position
Trade active:
hi price touch entry point and the trade is active i think at least 3 or 4 days we will on it
Comment:
the trade is still active, i think today we have huge movement and maybe hit the target but the price come very close to our stop if your risk management system allow you, change your stop loss to 2368
Comment:
yesterday we have huge momentum, but at the end price still at interested area if today i didn't see a good move on my side i will left this position for this week and i will try next week because the weekly candle stick maybe want to close as a doji - after all this describe i think gold has a huge bullish potential and the correction i try to entry must be fast target , if not that's a bearish signal in high time frame on gold
Trade active:
at this time i think we have good entry at 2377 :: 2399 / hold for a week possible swing position , i recommend next week for entry
Trade active:
SETUP IS ACTIVE AND I THINK THIS IS THE TRUE TIME
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.