Gold will lose its shine at $2,029 area
Gold rush! everyone is buying gold and in the past 5 days 
XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.
Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion:
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion:
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit at $1,814
Risk Reward Ratio = 4.1R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
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