Weekly chart
Gold can up a little 1514 and will form sideway down to accumarate force to next cycle.
2 Hours chart
If trade safety , will gold break down red trendline and Sell.
Target detail on charts
stoploss may last high + 50 pips
IMO
Gold must drop for make new cycle.
Risk:
Yes counter trend is so risk.
you must prepare money to support drawndown but i think
if we trade short term it is Ok on this time.
because price is swing +/- 100-200 pips.
for small account
reccommend do not trade on this time wait until gold can break new high.
or wait till price drop to lower zone as chart when candle is shown reversal
will buy.
Cheers.
^ ^
Gold can up a little 1514 and will form sideway down to accumarate force to next cycle.
2 Hours chart
If trade safety , will gold break down red trendline and Sell.
Target detail on charts
stoploss may last high + 50 pips
IMO
Gold must drop for make new cycle.
Risk:
Yes counter trend is so risk.
you must prepare money to support drawndown but i think
if we trade short term it is Ok on this time.
because price is swing +/- 100-200 pips.
for small account
reccommend do not trade on this time wait until gold can break new high.
or wait till price drop to lower zone as chart when candle is shown reversal
will buy.
Cheers.
^ ^
