Trade Recommendation: Gold | Hacked: Hacking Finance
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Analysis

Trade Recommendation: Gold

Posted on .

Trade Recommendation: Gold

Introduction

This article was posted on Thursday, 11:19, UTC.

The price reverses from 1290.00 resistance level. MACD and RSI confirm price reversal. ADX line starts falling and it’s a signal that the bulls are not so strong. We have a sell opportunity. Pending orders should be placed below 1284.00 level. Stop orders must be above 1291.00 level. Profit targets are at 1275.00 and 1268.00 level. Recommended trading volume for this trade is up to 3% from your deposit.

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Sell: 1284.00
Stop: 1291.00
Profit Targets: 1275.00 and 1268.00

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

Comments
  • user

    AUTHOR panoptica

    Posted on 8:47 am August 18, 2017.

    Not a good tip this one.

  • user

    AUTHOR Slrtrollalot

    Posted on 10:26 am August 18, 2017.

    There was some consolidation in order. But i guess the bulls won this. I think if we close above 1300 we will have a rally.

  • user

    AUTHOR systray242

    Posted on 12:04 pm August 18, 2017.

    What a tip? It just did the opposite…

    Never arrived to this level. 1275.00 and 1268.00 level.

  • user

    AUTHOR Dmitriy Lavrov

    Posted on 1:12 pm August 18, 2017.

    That’s why we must use stop orders for exit. It was a trading idea based on a price reversal from the resistance level. The signal was confirmed by indicators and bearish candles. The market broke this resistance level and moved higher. It’s ok. We have to wait for a new trading opportunity.

  • View Comments (5) ...
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