I am excited to share my insights on the current state of the gold market. As many of us have observed, gold pairs have recently reached an all-time high. Based on my analysis, I have identified two potential outcomes for this setup.
Firstly, if the price respects this setup, it could indicate an uptrend or a liquidity collection by a big player at the top (around 2070 levels), leading to a continuation of higher highs and a potential new all-time high.
On the other hand, if the price breaks below this setup, it could indicate a strong reversal. In this scenario, I recommend using tight stop losses, just 30 pips below the wick, to ensure a solid risk-reward ratio.
As always, it's important to stay vigilant and keep a close eye on market movements to make informed trading decisions. I look forward to hearing your thoughts on this analysis.
Firstly, if the price respects this setup, it could indicate an uptrend or a liquidity collection by a big player at the top (around 2070 levels), leading to a continuation of higher highs and a potential new all-time high.
On the other hand, if the price breaks below this setup, it could indicate a strong reversal. In this scenario, I recommend using tight stop losses, just 30 pips below the wick, to ensure a solid risk-reward ratio.
As always, it's important to stay vigilant and keep a close eye on market movements to make informed trading decisions. I look forward to hearing your thoughts on this analysis.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.