growthbank

[GOLD] Sell Limit - 06/06/2022 - New York Session

Short
OANDA:XAUUSD   Or / Dollar Américain
I went about this trade a little bit different than usual. I noticed that Gold had been consolidating within a zone while pushing an overall bullish movement. I drew some trendlines and believe that the market is going to retest that 61.8 retracement before continuing up. I have decided to trade with the trend and since it is still consolidating within that zone our current price is underneath that trendline. I believe that the gold market is going to respect the trendline, and retrace to around the 38.2 zone and then continue down to retest that 61.8 zone on the major structure.

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.