Good Day Everyone
here's a short idea on GOLD, we saw a break out of that descending channel pushed up to a strong resistance level with multiple touches looking to the left.
I'm looking for a retest of that descending channel should it fail to break the resistance level, looking for short entries on the metal,* will be looking for a retest of this resistance level 1744.32 and look for reversal pattens on XAUUSD should we see a significant move above this level trading plan will be canceled and will look for opportunities with the bulls...
______________________________________________________________________________________________________________________________
Target 1 - 1700.5
Target 2 - 1690.25
SL & ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - DAY TRADE
____________________________________________________________________________________________________________________________
IF you like the idea kindly leave a like, leave your idea in the comment section on the pair & comments welcome....
here's a short idea on GOLD, we saw a break out of that descending channel pushed up to a strong resistance level with multiple touches looking to the left.
I'm looking for a retest of that descending channel should it fail to break the resistance level, looking for short entries on the metal,* will be looking for a retest of this resistance level 1744.32 and look for reversal pattens on XAUUSD should we see a significant move above this level trading plan will be canceled and will look for opportunities with the bulls...
______________________________________________________________________________________________________________________________
Target 1 - 1700.5
Target 2 - 1690.25
SL & ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - DAY TRADE
____________________________________________________________________________________________________________________________
IF you like the idea kindly leave a like, leave your idea in the comment section on the pair & comments welcome....
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Related publications
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.