Gold Monthy Target
Gold aim 2300 and 2461
Month Chart gold already break all time high
it's difficult to look left and find resistance area
However, we can use the AB=CD tool
and reverse Fib Extention to measure gold's next
target
AB=CD @ 2300
Reverse Fib 1.618 @ 2461
So we can still hold our Gold long position
since my last Trading Idea
Some Tips:
1. In bullish trending market, do not lose your position.
try to hold some position once it reachs RR ratio 2:1
2. Do not trade oversize, measure your risk amount before your enter
3. use the Three Method that I have been teaching for the last 7 years:
A. Structure break-out + pull back
B. Inside Bar (Momentum Trading)
C. Pin bar+ 8 EMA/ 89 EMA
Month Chart gold already break all time high
it's difficult to look left and find resistance area
However, we can use the AB=CD tool
and reverse Fib Extention to measure gold's next
target
AB=CD @ 2300
Reverse Fib 1.618 @ 2461
So we can still hold our Gold long position
since my last Trading Idea
Some Tips:
1. In bullish trending market, do not lose your position.
try to hold some position once it reachs RR ratio 2:1
2. Do not trade oversize, measure your risk amount before your enter
3. use the Three Method that I have been teaching for the last 7 years:
A. Structure break-out + pull back
B. Inside Bar (Momentum Trading)
C. Pin bar+ 8 EMA/ 89 EMA
More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
facebook.com/groups/tntsunrise/
Youtube: PROJACK
抖音： 聚贤说成长
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