GOLD SETUP

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Gold remains bullish due to strong fundamentals, which continue to support the market. However, buyers have struggled to push prices higher, leading to a battle between buyers and sellers. Recently, buyers have shown signs of exhaustion at the current price level, with candlestick patterns indicating that sellers are gaining strength.

TP and SL are marked
Risk no more than 1%
Risk management is a must

Follow for more swing setups
Trade ist aktiv
50+ pips in profit
Trade ist aktiv
85+ pips in profit
Anmerkung
110 pips in profit
Move SL to breakeven
Trade ist aktiv
170 pips in profit
Move SL to 2520
Trade ist aktiv
200 pips done
Trade ist aktiv
230+ in profit

Break below 2500 would give us 2475
Trade ist aktiv
300+ pips in profit.
Move SL to 2510
Trade ist aktiv
Sell Again 2523
Trade ist aktiv
130+ pips in profit again
Trade ist aktiv
190+ pips in profit

Hopefully, Gold breaks the support this time
Trade ist aktiv
Another Sell Position Entered 2527.50
TP 2380
Same SL
Trade ist aktiv
45+ pips in profit
Trade ist aktiv
60+ pips in profit
Trade ist aktiv
120+ pips done
Trade ist aktiv
220+ pips in profit
Trade ist aktiv
300 pips Done
SL to 2515
Trade ist aktiv
420+ pips in holding
2471 to 2474 is first support from here
Trade ist aktiv
500+ pips in profit

Break below 2470 will give us 2435
Trade ist aktiv
Another attempt to break the 2470 support level is coming

The dollar is strengthening so most likely 2470 support level will break. I feel 2435 may not hold the pressure therefore support will fall on the 2380 shoulder
Chart PatternsTrend Analysis

Haftungsausschluss