Trade Idea on GOLD ( GC XAU ) by ThinkingAntsOk
This is a setup we are currently waiting, we have already set our Buy Stop orders:
Main items we can see on the 4HS CHART:
A)The price is above a previous resistance zone now working as a support
B)Both the Previous Resistance and the current support have been tested multiple times from both sides
C)Currently, we can see 2 corrective structures above the support zone with clear edges
D) Now we will be waiting for the breakout of the 2nd structure and we will aim for a target at 1897.00
E) The risk we are taking on this trade is 1% / Remember: you should never risk more than that per trade, that will always protect your trading capital.
Main items we can see on the 4HS CHART:
A)The price is above a previous resistance zone now working as a support
B)Both the Previous Resistance and the current support have been tested multiple times from both sides
C)Currently, we can see 2 corrective structures above the support zone with clear edges
D) Now we will be waiting for the breakout of the 2nd structure and we will aim for a target at 1897.00
E) The risk we are taking on this trade is 1% / Remember: you should never risk more than that per trade, that will always protect your trading capital.
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