Gold: Example of Long Trade from SMA200
The price is at the support zone formed by SMA200 and 1942.50 support level. The price reversal will give us a buy signal. MACD and RSI will be able to support a possible upward movement.
Here is an example of a long trade:
Buy above 1944.80
Stop below 1940.30
Proft Target at 1964.85
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade:
Buy above 1944.80
Stop below 1940.30
Proft Target at 1964.85
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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