Short idea for XAU/USD (GOLD)
Okay so we can see on the chart that the price is moving into a zone that we got some resistance in the past at.
What I want to do now here is see if we could get a chance to go short here if we do get a hit at that level.
Entry: (Around) 2471.854
SL: 2488.787
TP1: 2444.464
TP2: 2397.153
TP3: 2362.293
Once we get a hit of the TP1 we will be moving our SL to entry and let the trade run.
I will be looking to close it all at around the percentage. So each TP will be around 33% of the trade closed.
What I want to do now here is see if we could get a chance to go short here if we do get a hit at that level.
Entry: (Around) 2471.854
SL: 2488.787
TP1: 2444.464
TP2: 2397.153
TP3: 2362.293
Once we get a hit of the TP1 we will be moving our SL to entry and let the trade run.
I will be looking to close it all at around the percentage. So each TP will be around 33% of the trade closed.
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