DXY fly up couse in gold many buyer on big trend eat SL (no real bad news behind ,only emotion on eurusd)
personaly i belive gold in next 4-5 day will back up (daily chart trend is +)
in up daily sma200 and fibo 61% in focus
i pick 2 buy on green arrow , try to hold them until 1960(soon or late must see it) waiting AC daily turn green
if you have buy and your lot size is pro lot size (1000$ 0.01) you are safe ,just wait
if your buy lot is high ,dont open new buy ,put hedge sellstop on SL (lot=50% of total buy) allow it open,go down and back ,when big trend break ,close hedge sell ,then wait 10 day for new high
if you have sell,100% put sl , dont forget gold main trend is + up
personaly i belive gold in next 4-5 day will back up (daily chart trend is +)
in up daily sma200 and fibo 61% in focus
i pick 2 buy on green arrow , try to hold them until 1960(soon or late must see it) waiting AC daily turn green
if you have buy and your lot size is pro lot size (1000$ 0.01) you are safe ,just wait
if your buy lot is high ,dont open new buy ,put hedge sellstop on SL (lot=50% of total buy) allow it open,go down and back ,when big trend break ,close hedge sell ,then wait 10 day for new high
if you have sell,100% put sl , dont forget gold main trend is + up
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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.