Gold Spot / U.S. Dollar
Short
Updated

Gold Take All Stop losses,Are You Ready To Sell To Get 300 Pips?

1 569
Here is my 1H Gold Chart and this is my opinion , the price opened this week with massive wick to upside to take all stop losses and then moved to downside very hard and aggressive , we have a very good Res that we sell from it last week 3377.00 , it`s still strong and forced the price many times to respect it so it still my fav level to sell it again today if the price touch it and give me a good bearish price action to confirm the entry and we can targeting 300 pips at least . if we have a daily closure above my res then we will think about buying instead of selling , but until now i`m looking to sell it from the level i mentioned .
Note
The Price Moved +200 Pips , So I Closed 80% From My Contracts , And Waiting For 4H Closure To Confirm That The Price Will Continue To Downside.
Trade closed: target reached
The Price Hit Full Target And Now I`m Looking To Sell It Again From 3343.00

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.