Gold A descending triangle is being drawn,
Gold A descending triangle is drawn, with further breakdown of the support level
Review of previous trade:
- Gold successfully exited the triangle as expected.
- The trade worked out perfectly, bringing the expected profit.
Current Situation:
- Gold has now formed a “flag” pattern indicating the continuation of the upward movement.
- The height of the flag coincides perfectly with the strong resistance level at $2658, making this a key target.
New trade parameters:
- Entry point: on breakdown of the upper boundary of the flag.
- Target: $2658 (resistance level).
- Stop loss: hidden behind the flag boundary at $2618 to minimize risk.
- Risk/reward ratio: 1/4 - a low-risk trade with high potential return.
Recommendations:
- Wait for a confident breakdown of the flag before entering the trade.
- Control the position volume to comply with risk management rules.
- Follow market news that may affect the movement of gold.
🚀 Trade with the professionals of THS - Wave Theory!
🔹 All trades are based on wave analysis.
🔹 Fixed stop loss and take profit for risk management.
🔹 100% automation: copy trades through CopyFX service.
🔹 Reliability and transparency: the results are confirmed by the market.
📈 Don't miss the chance to earn steadily!
👉 Connect to CopyFX with THS and start copying profitable trades right now!
💡 Details on our channel and in the app!
Review of previous trade:
- Gold successfully exited the triangle as expected.
- The trade worked out perfectly, bringing the expected profit.
Current Situation:
- Gold has now formed a “flag” pattern indicating the continuation of the upward movement.
- The height of the flag coincides perfectly with the strong resistance level at $2658, making this a key target.
New trade parameters:
- Entry point: on breakdown of the upper boundary of the flag.
- Target: $2658 (resistance level).
- Stop loss: hidden behind the flag boundary at $2618 to minimize risk.
- Risk/reward ratio: 1/4 - a low-risk trade with high potential return.
Recommendations:
- Wait for a confident breakdown of the flag before entering the trade.
- Control the position volume to comply with risk management rules.
- Follow market news that may affect the movement of gold.
🚀 Trade with the professionals of THS - Wave Theory!
🔹 All trades are based on wave analysis.
🔹 Fixed stop loss and take profit for risk management.
🔹 100% automation: copy trades through CopyFX service.
🔹 Reliability and transparency: the results are confirmed by the market.
📈 Don't miss the chance to earn steadily!
👉 Connect to CopyFX with THS and start copying profitable trades right now!
💡 Details on our channel and in the app!
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.