Trading Plan Gold (XAUUSD) - Jan 14th 2022
The price appears to be moving out of track (break) of the up trendline.
Technically this indicates a potential for prices to move down as long as prices fail to break through 1828, or prices are unable to rise back to an upward trendline.
BUY AREA = 1802 - 1809
STOP LOSS = 1799
TARGET = 1812 - 1816
For a small account, you can place BUY LIMIT at a lower price (e.g. 1804), to keep the risk small.
Disclaimer On
The price appears to be moving out of track (break) of the up trendline.
Technically this indicates a potential for prices to move down as long as prices fail to break through 1828, or prices are unable to rise back to an upward trendline.
BUY AREA = 1802 - 1809
STOP LOSS = 1799
TARGET = 1812 - 1816
For a small account, you can place BUY LIMIT at a lower price (e.g. 1804), to keep the risk small.
Disclaimer On