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XAUUSD Gold Trendline Breakout And Short Opportunity Update: TP1 Reached

XAUUSD Gold Trendline Breakout And Short Opportunity

Description: XAUUSD Gold Trendline Breakout at 1198. The metal may retest the broken trendline or continue to move to south. We have 2 different trade opportunity. Use our own risk management strategy to enter the trade

Pair / Instrument: Gold

Time Frame: H1

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  Neutral

Trade Based On: Trendline Breakout

Accuracy: %76

Recommended Lot Size: 0.03 @ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry:  1194 or retest of the trendline at 1198

Stop Loss: Above 1.205

Target 1: 1189

Target 2: 1182

What to Pay Attention:

Update: TP1 Reached. We close 50% of the positions and move Stop Loss To Entry.

You can follow the idea: GOLD BREAKOUT

 

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

Gold Trendline Breakout : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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