XAUUSD Short
Gold has been moving in an uptrend for several days, for the entire month of Feb 2022 to be exact.
Current price movement suggests that Gold might be over extended. We have started seeing signs
of potential price exhaustion by the formation of a key level. We have also spotted other two signs that
Gold might be preparing for a short term correction which include a bearish pin bar on the daily
time frame as well as trendline breakout.
We will be waiting for a breakout of the key level around 1878.5*. This will signal a change in market
structure. We will than monitor price action for be on the lookout for a good entry. Risk reward for
the current trade currently stands at 3.5 to 1 according to our trading plan.
Current price movement suggests that Gold might be over extended. We have started seeing signs
of potential price exhaustion by the formation of a key level. We have also spotted other two signs that
Gold might be preparing for a short term correction which include a bearish pin bar on the daily
time frame as well as trendline breakout.
We will be waiting for a breakout of the key level around 1878.5*. This will signal a change in market
structure. We will than monitor price action for be on the lookout for a good entry. Risk reward for
the current trade currently stands at 3.5 to 1 according to our trading plan.
Uwaga
Trade is still valid. We are waiting price to behave accordingly before we enter again.Anulowano zlecenie
We have decided to cancel the trade and wait for another sign of price exhaustion. As price stands, gold is still extremely bullish.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.