GOLD 4HR SHORT
looking for a good short opportunity on gold today based on the following ...
gold has been in a range since the end of may but today marks the potential for a bearish breakout, Powell's fed testimony drops at 15:00 today which i believe will give the market the strength to make its next move.
looking at recent price action we can clearly see the market making consistently lower highs lending bearish sentiment to market bias, at 11am yesterday price smashed through the psychological level at 1940 shortly after retesting the broken support and now looks to be moving down.
so depending on the fed reports outcome i would look to enter short after a strong break through the 1920 level, trade targets are 2:1 rr ratio which means stop loss around 1950 and take profit at 1880
i always welcome feedback to improve my analysis so feel free to give some. ;)
gold has been in a range since the end of may but today marks the potential for a bearish breakout, Powell's fed testimony drops at 15:00 today which i believe will give the market the strength to make its next move.
looking at recent price action we can clearly see the market making consistently lower highs lending bearish sentiment to market bias, at 11am yesterday price smashed through the psychological level at 1940 shortly after retesting the broken support and now looks to be moving down.
so depending on the fed reports outcome i would look to enter short after a strong break through the 1920 level, trade targets are 2:1 rr ratio which means stop loss around 1950 and take profit at 1880
i always welcome feedback to improve my analysis so feel free to give some. ;)
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。