GOLD trade for 12 to 17 january both buy and sell trade
Updated
Market should be getting back to normal this coming week/
Heres a trade idea based on 4 hour time frame and key levels of both support and resistance.
My plan is to sell gold down to previous resistance level and then on rejection to buy it back up to 2720 level for 132 pips on the sell and 445 pips on the buy.
Entry criteria is as usual wait for levels , secure profit on the way in case of retest of previous levels.
Last weeks trade ran over 400 pips . use caution and respect the levels dont overleverage.
This is not finincial advice mearly my thoughts on market movements/
Heres a trade idea based on 4 hour time frame and key levels of both support and resistance.
My plan is to sell gold down to previous resistance level and then on rejection to buy it back up to 2720 level for 132 pips on the sell and 445 pips on the buy.
Entry criteria is as usual wait for levels , secure profit on the way in case of retest of previous levels.
Last weeks trade ran over 400 pips . use caution and respect the levels dont overleverage.
This is not finincial advice mearly my thoughts on market movements/
Note
Last weeks trade
tradingview.com/chart/fQRMJoyC/
Trade active
Ran 100 pips from sell entry , monitor for break Trade closed: target reached
running 252 pips on sell reentryNote
300 pips profit
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