New World Capital - Article 2 - 04/24/2024
XAUUSD
At the time of this writing, Gold is currently trading at $2,333.37 and we entered a Buy Position @$2,330.
Trade Opportunity
Buy Gold @$2,330
TP@ $2,358
SL@ $2,324
Risk: 1% - 10%
Reward: 3%+ - 30%+
Day Trade
As per the chart, we can observe a flux of Buy orders triggered by panic selling from the previous Buyers. Gold has been rallying and making new highs. We are bullish on Gold and therefore believe that a fake-out can definitely happen to create liquidity and enter at a better price.
XAUUSD
At the time of this writing, Gold is currently trading at $2,333.37 and we entered a Buy Position @$2,330.
Trade Opportunity
Buy Gold @$2,330
TP@ $2,358
SL@ $2,324
Risk: 1% - 10%
Reward: 3%+ - 30%+
Day Trade
As per the chart, we can observe a flux of Buy orders triggered by panic selling from the previous Buyers. Gold has been rallying and making new highs. We are bullish on Gold and therefore believe that a fake-out can definitely happen to create liquidity and enter at a better price.