GOLD Short @Market 27.03 - 14:00
Gold appears to be consolidating within a triangle formation on the higher timeframes, presenting a potential trading opportunity. Observing a retracement of approximately 61.8% to the upper boundary of the triangle, coupled with the completion of an ABCD pattern at the triangle's support level, suggests a favourable setup for shorting.
Entry: Sell at market price of 2192
Target: Aim for 2178 as the initial downside objective
Further downside potential may materialise if the triangle's lower boundary is breached and retested as resistance. In such a scenario, a subsequent continuation move to the downside could target 2160.
Entry: Sell at market price of 2192
Target: Aim for 2178 as the initial downside objective
Further downside potential may materialise if the triangle's lower boundary is breached and retested as resistance. In such a scenario, a subsequent continuation move to the downside could target 2160.
Note
Trade still active 61.8 on the 15 minute wasn't respected, however we are seeing price at the 61.8 on the 4H struggling to break above. may add a additional position if I see a strong rejection
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.