Gold due for a correction, 2000 may be back in sight
Hello Gold is near the 2300 mark and at this point, the uptrend looks out
of control. That being said, there is a real possibility of a pullback at this stage.
Technically, Gold has reached the top of the price channel. So, at this stage, I would
advise early buyers to book profit and avoid any fresh buy orders in Gold.
If there is bearish price action in the 2250-2300 level, I would sell Gold@2285-2300 zone
with stop loss above the channel resistance and TPs at 2155, 2069 and 1989 respectively.
of control. That being said, there is a real possibility of a pullback at this stage.
Technically, Gold has reached the top of the price channel. So, at this stage, I would
advise early buyers to book profit and avoid any fresh buy orders in Gold.
If there is bearish price action in the 2250-2300 level, I would sell Gold@2285-2300 zone
with stop loss above the channel resistance and TPs at 2155, 2069 and 1989 respectively.
Сделка активна:
Sold@2284
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160 Pips profit, booked partial profit
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Lot of data release in US session, expecting volatility
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Price breaks2301, sell set up would be invalid if Gold breaks the channel top
Сделка активна:
Sold again@2300 as per plan
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140 pips profit once again
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Currently down 230 pips from our sell level