In my recent analysis of Gold Futures, I spotted a classic bottom-buying opportunity on the hourly chart.
Gold was consolidating and testing support around the 50 EMA. Despite a flagpole pattern failure, I trusted the support level and managed my risk carefully. With a tight stop loss, I entered the trade right near the bottom retracement zone.
The result was impressive. Within just 2–3 hours, the trade delivered a strong profit, validating my setup and conviction.
At present, I am trailing my position with proper stop losses, ensuring that I capture as much of the ongoing trend as possible while protecting my gains. I’ll continue to maintain the trail as long as momentum stays active.
This setup reaffirms the value of sticking to disciplined technical analysis and executing with conviction, even when patterns appear to fail.
Gold was consolidating and testing support around the 50 EMA. Despite a flagpole pattern failure, I trusted the support level and managed my risk carefully. With a tight stop loss, I entered the trade right near the bottom retracement zone.
The result was impressive. Within just 2–3 hours, the trade delivered a strong profit, validating my setup and conviction.
At present, I am trailing my position with proper stop losses, ensuring that I capture as much of the ongoing trend as possible while protecting my gains. I’ll continue to maintain the trail as long as momentum stays active.
This setup reaffirms the value of sticking to disciplined technical analysis and executing with conviction, even when patterns appear to fail.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.