GOLD = the growth of the moon game for gold is over. Correction
1) On daily chart we have big reversal candle.
2) after the breakdown of the price of 1557.10, we did not reach the 1.618 mark for Fibo, which means that the growth trend has come to an end and the market has been launched earlier. Now there is a smooth decline that will develop into a downtrend. We have already seen this on oil.
For oil, there was about a similar growth movement that ended in about the same scenario as we are now seeing for gold.
- correction was up to 0.382 and 0.50 Fibonacci
I opened a short position:
Sell = $1554.00 and $1550.00
Take Profit 1 = $1385.86
Take Profit 2 = $1332.64
Stop Loss = $1562.00
Profit:Loss = 5-7:1
H4 Chart:
1) On daily chart we have big reversal candle.
2) after the breakdown of the price of 1557.10, we did not reach the 1.618 mark for Fibo, which means that the growth trend has come to an end and the market has been launched earlier. Now there is a smooth decline that will develop into a downtrend. We have already seen this on oil.
For oil, there was about a similar growth movement that ended in about the same scenario as we are now seeing for gold.
- correction was up to 0.382 and 0.50 Fibonacci
I opened a short position:
Sell = $1554.00 and $1550.00
Take Profit 1 = $1385.86
Take Profit 2 = $1332.64
Stop Loss = $1562.00
Profit:Loss = 5-7:1
H4 Chart:
Trade attivo
Sell = $1554.00 and $1550.00Take Profit 1 = $1385.86
Take Profit 2 = $1332.64
Stop Loss = $1562.00
Trade chiuso: stop raggiunto
Stop Loss = $1562.00Nota
Sell again on other idea
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.