GOLD Trading Idea
Aggiornato
Right now Gold seems to stay in Sideway. it is in a BlackZone where both buy and sell might be risky. Therefore, the best thing is to wait for the right place to enter to the market.
Facts:
If we look for the time frame H1, we can see the nearest and best area is 1859 - 1861 which is working as resistance level for GOLD. Since 23rd May 2022, historically gold got rejected many times from this level. Considering cloud breaking strategy, we can see that the yellow A crossed the Red zone several times during this period of time.
Fundamental Facts:
NFP resulted too strong last week (3rd June,2022) but we saw gold could not break 1830 which is strongest support for Gold. If Gold tested 1830, we could think of bounce back or going towards 1800.
We can trade gold like from 1859, we can go for sell with a STOPLOSS of 1871 and TAKEPROFIT of 1834.
Facts:
If we look for the time frame H1, we can see the nearest and best area is 1859 - 1861 which is working as resistance level for GOLD. Since 23rd May 2022, historically gold got rejected many times from this level. Considering cloud breaking strategy, we can see that the yellow A crossed the Red zone several times during this period of time.
Fundamental Facts:
NFP resulted too strong last week (3rd June,2022) but we saw gold could not break 1830 which is strongest support for Gold. If Gold tested 1830, we could think of bounce back or going towards 1800.
We can trade gold like from 1859, we can go for sell with a STOPLOSS of 1871 and TAKEPROFIT of 1834.
Trade attivo
Trade activated already and Running 80 Pips. Now current Market price is 1851.00 and please SET your SL at Entry.Trade chiuso: obiettivo raggiunto
Closed at 190 Pips at 1840
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