Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1798.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 1831.7
TP2= @ 1858.0
TP3= @ 1871.9
TP4= @ 1891.8
TP5= @ 1920.0
SL= Break below S2
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ForecastCity English Support Team ❤️
". There is a possibility of temporary retracement to the suggested support line (1798.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 1831.7
TP2= @ 1858.0
TP3= @ 1871.9
TP4= @ 1891.8
TP5= @ 1920.0
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Giao dịch đang hoạt động:
14667 pips profit...
Total Profit: 14667
Closed trade(s): 4515 Profit
Open trade(s): 10152 Profit
Update Details:
Closed Profit:
TP1 @ 1831.7 touched at 05.19.2022 with 915 Profit.
TP2 @ 1858.0 touched at 05.22.2022 with 3600 Profit.
915 + 3600 = 4515
Open Profit:
Profit for one trade is 1856.47(current price) - 1822.6 (open price) = 3384
3 trade(s) still open, therefore total profit for open trade(s) is 3384 x 3 = 10152
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1871.9
TP4= @ 1891.8
TP5= @ 1920.0
Total Profit: 14667
Closed trade(s): 4515 Profit
Open trade(s): 10152 Profit
Update Details:
Closed Profit:
TP1 @ 1831.7 touched at 05.19.2022 with 915 Profit.
TP2 @ 1858.0 touched at 05.22.2022 with 3600 Profit.
915 + 3600 = 4515
Open Profit:
Profit for one trade is 1856.47(current price) - 1822.6 (open price) = 3384
3 trade(s) still open, therefore total profit for open trade(s) is 3384 x 3 = 10152
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1871.9
TP4= @ 1891.8
TP5= @ 1920.0
