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Technical analysis by mrachaw about Symbol PAXG: Sell recommendation (12/29/2023)

https://sahmeto.com/message/811239
mrachaw
mrachaw
Rank: 13144
1.5
Sell،Technical،mrachaw

Gold is bearish overall on the Daily & 4H and now closed below zone (2064.500) on the 1h.Upon seeing the close below zone on the 1h I waited for retracement and set a sell limit and entry @2064.00 with stop loss @2066.500 risking 25pips. Stop loss placed top of candle that broke structure.TP1: 2058.00. TP2: 2055.00. TP3:2054.00. TP4:2052.500Expecting this to reach TP3 OF 2054.00. However will taking partial profits at each TP.Bio Feed back:* Where has the market moved since I entered my trade? Trade was in profits now at BE* If I looked at the market now, would I take the same trade? Yes, maybe higher Entry* How do I feel about my trade? Violatile & fierce battle but optimistic will ultimately go my way* What do I like about this trade ? Stayed patient until 1h candle closed & confirmed* What do I dis-like about this trade now? Keeps fluctuating between profits & BE* On a scale of 1 to 10, where would I rate this Trade now? 3, based on solid 1h close* If I were not in a trade now, would I take the opposite trade ? No

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$2,038.65
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