GOLD = the growth of the moon game for gold is over. Correction
1) On daily chart we have big reversal candle.
2) after the breakdown of the price of 1557.10, we did not reach the 1.618 mark for Fibo, which means that the growth trend has come to an end and the market has been launched earlier. Now there is a smooth decline that will develop into a downtrend. We have already seen this on oil.
For oil, there was about a similar growth movement that ended in about the same scenario as we are now seeing for gold.
- correction was up to 0.382 and 0.50 Fibonacci
I opened a short position:
Sell = $1554.00 and $1550.00
Take Profit 1 = $1385.86
Take Profit 2 = $1332.64
Stop Loss = $1562.00
Profit:Loss = 5-7:1
H4 Chart:
1) On daily chart we have big reversal candle.
2) after the breakdown of the price of 1557.10, we did not reach the 1.618 mark for Fibo, which means that the growth trend has come to an end and the market has been launched earlier. Now there is a smooth decline that will develop into a downtrend. We have already seen this on oil.
For oil, there was about a similar growth movement that ended in about the same scenario as we are now seeing for gold.
- correction was up to 0.382 and 0.50 Fibonacci
I opened a short position:
Sell = $1554.00 and $1550.00
Take Profit 1 = $1385.86
Take Profit 2 = $1332.64
Stop Loss = $1562.00
Profit:Loss = 5-7:1
H4 Chart:
交易進行
Sell = $1554.00 and $1550.00Take Profit 1 = $1385.86
Take Profit 2 = $1332.64
Stop Loss = $1562.00
交易結束：達到停損點
Stop Loss = $1562.00註釋
Sell again on other idea
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。