XAUUSD Intraday Opportunities Sep 5
Hi,
Here's the key zones to watch for the day.
The bigger current trend is still favoring bearishness and if we're trading for the next 1-2 days, we should be looking for good level to short.
Do we enter a short now? of course no as at the point of writing we're currently in support area.
1940-1943 is a good key region to lok for some shorts. SL should however be above 1946.5 as there's a slight chance market may look to liquidate retailer's position before continuing downwards.
As this is an intraday outlook review we will look for opportunity to long as well. For long position i will personally not hold for more than 3-4 hours. I will have buying interest if price comes to 1931-1933 region and close with green candle in H1. My SL will be around 28-29 region.
As usual, please DYODD before risking money you can not afford to lose. The idea posted are mainly of my personal view and is part of my trading diary. I hope it benefit you in some way. If you like the idea, do give me a like and if there's room for improvement do post it in the comment section.
Here's the key zones to watch for the day.
The bigger current trend is still favoring bearishness and if we're trading for the next 1-2 days, we should be looking for good level to short.
Do we enter a short now? of course no as at the point of writing we're currently in support area.
1940-1943 is a good key region to lok for some shorts. SL should however be above 1946.5 as there's a slight chance market may look to liquidate retailer's position before continuing downwards.
As this is an intraday outlook review we will look for opportunity to long as well. For long position i will personally not hold for more than 3-4 hours. I will have buying interest if price comes to 1931-1933 region and close with green candle in H1. My SL will be around 28-29 region.
As usual, please DYODD before risking money you can not afford to lose. The idea posted are mainly of my personal view and is part of my trading diary. I hope it benefit you in some way. If you like the idea, do give me a like and if there's room for improvement do post it in the comment section.
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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.