Hello Traders!!! Hope you are doing well.
As I am seeing gold at this stage is trying to consolidate above 1800 levels. The last time at this levels was in 2011 when the price was coming down from the maximum and never got passed these levels again, so it is a strong resistance.
On short term you can trade this channel by selling from the top with 10-15 dollars take profit and buy from the bottom with the same profits. For bigger movements wait for the price to break above or bellow the channel shown on the chart and then trade the direction.
How I am trading gold at this stage is sell from the top of the range. I see better risk to reward ratio by selling the tops but this is my opinion.
Share your thoughts and ideas in the comment section. Let's grow together!!!
Good luck out there.
As I am seeing gold at this stage is trying to consolidate above 1800 levels. The last time at this levels was in 2011 when the price was coming down from the maximum and never got passed these levels again, so it is a strong resistance.
On short term you can trade this channel by selling from the top with 10-15 dollars take profit and buy from the bottom with the same profits. For bigger movements wait for the price to break above or bellow the channel shown on the chart and then trade the direction.
How I am trading gold at this stage is sell from the top of the range. I see better risk to reward ratio by selling the tops but this is my opinion.
Share your thoughts and ideas in the comment section. Let's grow together!!!
Good luck out there.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。