Our analysis on GOLD from Friday got more than 100 likes! Thanks for the support!
After the rejection on Friday, price is now at support.
If you currently have any short positions, make sure to move your SL, however this is not a moment where we should open new positions.
We will be going short again once we see price breaking below previous lows, or if it goes back to test the sell zone again.
In case of a break and retest of the previous low, we will have better risk to reward ratio and higher probability as well.
If price goes back to the sell zone, we will be looking for another rejection and possible entries from there.
The targets remain below 1725. Specific take profit levels, we will share with you in our next analysis.
After the rejection on Friday, price is now at support.
If you currently have any short positions, make sure to move your SL, however this is not a moment where we should open new positions.
We will be going short again once we see price breaking below previous lows, or if it goes back to test the sell zone again.
In case of a break and retest of the previous low, we will have better risk to reward ratio and higher probability as well.
If price goes back to the sell zone, we will be looking for another rejection and possible entries from there.
The targets remain below 1725. Specific take profit levels, we will share with you in our next analysis.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
