GOLD Update and Trade Idea
GOLD BUY
ENTRY 1: 1802.00
ENTRY 2: 1798.00
ENTRY 3: 1792.00
TP1: 1818.00
TP2: 1845.00
TP3: 1875.00
TP4: 1888.00
SL: 1770.00
GOLD Is still bullish until we get a close below 1770.00 which will flip the MN candle from bullish to bearish. At 1770 we also would have clearly broken below the D1 trend line opening up lower levels.
Note the measured move is still incomplete however seasonality is against the bullish outlook, typically during May Gold price drops. Therefore ensure you manage your risk correctly to be able to withstand the large-stop Loss and scale into your positions.
Please note this is not financial advice, we are not financial advisors. All information is for educational purposes only.
🙏Please hit the like button and feel free to leave any comments or feedback. 🙏
ENTRY 1: 1802.00
ENTRY 2: 1798.00
ENTRY 3: 1792.00
TP1: 1818.00
TP2: 1845.00
TP3: 1875.00
TP4: 1888.00
SL: 1770.00
GOLD Is still bullish until we get a close below 1770.00 which will flip the MN candle from bullish to bearish. At 1770 we also would have clearly broken below the D1 trend line opening up lower levels.
Note the measured move is still incomplete however seasonality is against the bullish outlook, typically during May Gold price drops. Therefore ensure you manage your risk correctly to be able to withstand the large-stop Loss and scale into your positions.
Please note this is not financial advice, we are not financial advisors. All information is for educational purposes only.
🙏Please hit the like button and feel free to leave any comments or feedback. 🙏
