GOLD - Trading Inside the Triangle
#XAU/USD #Analysis
Description
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+ GOLD price is currently trading inside the triangle and the price has been ranging since May
+ I'm expecting the price to break downwards as the overall trend on lower timeframe is bearish.
+ We have good opportunity for a short trade here.
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VectorAlgo Trade Details
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Entry Price: 2311.453
Stop Loss: 2325.813
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Target 1: 2304.801
Target 2: 2300.000
Target 3: 2290.430
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Timeframe: 1H
Capital Risk: 1-2% of trading amount
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
+ GOLD price is currently trading inside the triangle and the price has been ranging since May
+ I'm expecting the price to break downwards as the overall trend on lower timeframe is bearish.
+ We have good opportunity for a short trade here.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 2311.453
Stop Loss: 2325.813
------------------------------
Target 1: 2304.801
Target 2: 2300.000
Target 3: 2290.430
------------------------------
Timeframe: 1H
Capital Risk: 1-2% of trading amount
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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