Note:
Overall, Gold is on BEARISH trend.
It managed to break the recent support zone.
Now there are 2 ways to short this pair:
1. Wait for PB to the support zone and short it
with right risk
2. Zoom into H4 or H1 Chart, wait for PB to touch
20-EMA and short
High Risk to Reward Trade :)
Watch the FED FOMC, it might be the driven force to get it down further!
Overall, Gold is on BEARISH trend.
It managed to break the recent support zone.
Now there are 2 ways to short this pair:
1. Wait for PB to the support zone and short it
with right risk
2. Zoom into H4 or H1 Chart, wait for PB to touch
20-EMA and short
High Risk to Reward Trade :)
Watch the FED FOMC, it might be the driven force to get it down further!
交易進行:
Zoom into H4 Chart, Gold price pullback to 20-EMA and bounce back to resume the bearish trend.
There is a resistance line to support the bearish movement near 1169 level.
Decided to entry.
EP: 1158.24
SL: 1189.59
TP: 1105.96
There is a resistance line to support the bearish movement near 1169 level.
Decided to entry.
EP: 1158.24
SL: 1189.59
TP: 1105.96
交易進行:
With the announcement of rate hike to a range of 0.50-0.75%.
We see gold price dropped further.
Now we decided to move our SL to Breakeven SL.
In this case, it is a risk-free trade now :)
We see gold price dropped further.
Now we decided to move our SL to Breakeven SL.
In this case, it is a risk-free trade now :)
交易進行:
Moved our SL to 1145 level to secure certain profit and let's it continue to run :)
手動結束交易:
Decided to close with profit of 228 pips.
Don't want to carry trade over the weekend.
We are still bullish on this trade :)
Don't want to carry trade over the weekend.
We are still bullish on this trade :)
