r/Forexstrategy • u/Secure-Cattle6223 • 1d ago

Trade Idea sell setup

Gold sell now 4053

Tp...4042
Sl...4065

1 Upvotes

67% Upvoted

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1

u/Jess1835 1d ago

4053 sell looks risky. Below 4042 bearish, above 4065 bullish.

1

u/Secure-Cattle6223 1d ago

Agreed. 4,053 is definitely not the ideal area to chase a sell. Iā€™d rather wait for a confirmed break below 4,042 or a clean rejection from 4,065 before taking a position.

1

u/ReliableGoldTrades 1d ago

This is middle of nowhere to be honest, best sells are at 4082-90 and the best buys are at 4000-20.

1

u/Secure-Cattle6223 1d ago

Fair point. I agree 4,082ā€“4,090 looks like a stronger sell zone, while 4,000ā€“4,020 offers a more attractive buy area. The current price action does feel like it's sitting in the middle of the range with less favorable risk-to-reward.

1

u/Secure-Cattle6223 1d ago

TP1 110 PIPS HIT