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SELL ENTRY @1786 SL @1791 (BEST PUT @1796) TP IS OPEN (use the white horizontal lines or whatever your know how to use best)
Reasons to go short briefly on Gold: - Intraday setup suggests that @1785/90 area can drive price downside... - The 15mins POI for the buy setup has been achieved in previous post (check previous post) and now price stalls @1785/90 - The overall intraday bias is bearish. - Setup has very good R:R of 1:5 even on lower TF
NB: We're approaching the end of the year and this precious metal can get very volatile. So, manage your risk properly. Also, the R:R of this setup is 1:5, which is very good.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.