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Fumba
17 фев 2021 г., 14:33

Update on a short-term setup  

GOLD / U.S. DOLLARICE

Описание

The 2 gold setups I posted on November and January followed through nicely with profits. Gold is still bearish bias but is currently at a strong support level and this poses a potential mini correction movement. Below are the previous ideas.




Комментарий

Movement 1 and 2 followed perfectly with profits. Now, first wait for a clear upward movement or break below. Gold is still choppy and bearish, however the net positions still favor the bulls for now. Remember to apply your risk management.
Комментарии
Fumba
Trade management: We have reached our first but TP point as expected. I am expecting bears to trade in as per analysis since it's at a strong trend line. Follow the analysis carefully and perform a dynamic risk management.
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