We see gold is in a down trend since few months.
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling gold with 3 TP targets.
Let's see
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling gold with 3 TP targets.
Let's see
Trade active
Big gap at market openingNote
First target hitNote
Second target hitTrade closed: target reached
3rd and last target hit. Made nice profit
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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.
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.