Empiece
amanpaulbhogal

Shorting Gold (XAU/USD) on the daily timeframe

Corto
Oro al contado/Dólar estadounidense (FX:XAUUSD)  
amanpaulbhogal  
FX:XAUUSD   Oro al contado/Dólar estadounidense
Support and Resistance shortsetup hightest_bar stochastic_divergence rsi_divergence trendcontinuation Parallel Channel
1
0
supportandresistance shortsetup hightest_bar stochastic_divergence rsi_divergence trendcontinuation parallelchannel
Gold (XAU/USD) has shown repeated weakness and is once again offering a short entry. A break below and a retest of 1240 forming a high test yesterday bodes well for further price decline. The reward potential is a hefty 5:1 on the way down. Although a set up is still visible, there are, however, a few words of warning. Beware of Stochastic and RSI divergence, which if price adheres to, Gold (XAU/USD) could pull back into the moving averages and then give new short opportunities with an even lumpier reward:risk.

entry - below today's inside bar

stop - above yesterday's high test

target - 1179

Ideas relacionadas

amanpaulbhogal
What is Gold (XAU/USD) revealing?
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.