PalmTreeTradingUK

Gold has reached upper level of the ascending daily zone. Our recommendation;Sell Gold @ 2780Stop loss at 2805Take Profit @ 2720Fantastic trade, closing manually around 2730 level. Follow for more.

2720 acts as an important level today & if price stays above this level then we expect it to hit our target profit at 2734.75If price breaks below 2720 then it should hit 2711.5Below is our recommendation;Trade 1 (Risk 0.5% of your account size);Buy Gold @ 2725Stop Loss @ 2720Take Profit @ 2734.75Trade 2 (Risk 1% of your account size);Sell Stop Gold @ 2720Stop Loss @ 2725Take Profit @ 2711.5*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.

2732 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 2713.5.If price breaks above 2732 then it should hit 2742.5.Below is our recommendation;Trade 1 (Risk 0.5% of your account size);Sell Gold @ 2727Stop Loss @ 2732Take Profit @ 2713.5Trade 2 (Risk 1% of your account size);Buy Stop Gold @ 2732Stop Loss @ 2727Take Profit @ 2742.5*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.Trade 1 is activeTrade 1 hit stop loss levelTrade 2 is activeTrade 2 closed manually at 2738 as there is a resistance where price could potentially reverse. Net profit + 700 pips

2733 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 2714.25.If price breaks above 2733 then it should hit 2744.Below is our recommendation;Trade 1 (Risk 0.5% of your account size);Sell Gold @ 2728Stop Loss @ 2733Take Profit @ 2714.25Trade 2 (Risk 1% of your account size);Buy Stop Gold @ 2733Stop Loss @ 2728Take Profit @ 2744*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.Trade 1 is activeStop loss level of Trade 1 reachedTrade 2 is activeTrade 2 closed manually in profit at 2739.2.Net Profit = +740 pips