Note: Overall, Gold is on BEARISH trend. It managed to break the recent support zone.
Now there are 2 ways to short this pair: 1. Wait for PB to the support zone and short it with right risk
2. Zoom into H4 or H1 Chart, wait for PB to touch 20-EMA and short
High Risk to Reward Trade :)
Watch the FED FOMC, it might be the driven force to get it down further!
Dagangan aktif
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Zoom into H4 Chart, Gold price pullback to 20-EMA and bounce back to resume the bearish trend. There is a resistance line to support the bearish movement near 1169 level.
Decided to entry. EP: 1158.24 SL: 1189.59 TP: 1105.96
Dagangan aktif
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With the announcement of rate hike to a range of 0.50-0.75%. We see gold price dropped further. Now we decided to move our SL to Breakeven SL.
In this case, it is a risk-free trade now :)
Dagangan aktif
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Moved our SL to 1145 level to secure certain profit and let's it continue to run :)
Dagangan ditutup secara manual
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Decided to close with profit of 228 pips. Don't want to carry trade over the weekend.