11/07/2024 - XAUUSD - Short on Confluence

١١ يوليو

As of July 11th, 2024, XAU/USD (Gold) shows a confluence of a trendline and the Potential Reversal Zone (PRZ), along with divergence on higher time frames, indicating a potential downward movement. Here’s the trade plan:

Trade Details:

Entry: 2418
Stop Loss: 2434
Take Profit 1: 2402
Take Profit 2: 2384

Reason for Trade:

The confluence of the trendline and PRZ, along with divergence on higher time frames, suggests a potential downward movement. These factors support entering a short trade to capitalize on the anticipated decline.

Traders should monitor the price action closely and adjust their positions accordingly to optimize potential profits and manage risks effectively.

١١ يوليو

تم فتح الصفقة

١٢ يوليو

أغلقت الصفقة: تم الوصول للهدف

TP 1 Hit.
BE for TP 2 And Trend Riding.

١٦ يوليو

أغلقت الصفقة: تم الوصول للهدف

Tp 2 closed on BE