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Trading signals! | #GOLD - 12.24, Futures contract
▪️Transaction type: Buy Limit▪️Price: 2707.1▪️Take Profit: Open▪️Stop Loss: 2688.1▪️On topic: Until today 23:30▪️Comment: Let's consider the scenario for gold futures, MICEX price. Currently, there is a local upward movement. A new level called 2705 was formed on a higher period and this is a priority. Do not forget that the asset is trading at historical highs for its entire trading history (by the way, in terms of growth rates this year, gold is ahead of BTC). There was no particular reaction to the growth in the dollar value of GOLD today. Therefore, if the dollar corrects, prices are likely to reach a historical maximum. Given this dynamic, it is most reasonable to consider buying entry points based on global trends within the framework of intraday trading. We place a buy limit order, testing the newly formed support level. For newly created block orders, a stop loss is initially set according to the rules of the trading algorithm. These operations provide additional protection against false intrusions and limit the risk. After opening the order, we expect it to rise to at least the resistance level of 2730, where we will move the stop loss to breakeven to protect our open positions. We will leave the take profit open and will control it at the moment. The potential is good, and the risk / reward ratio is satisfactory. The analysis of the COMEX GOLD chart was taken into account. Below the current price, the main support zone has formed at 2655-2653, a retest of this zone is expected at least to the resistance level of 2685, and now there is a downward correction. Then we will look at the price reaction during the resistance test. The current information does not contradict the correctness of our actions. Today we set the expiration date for the order opening. We strictly adhere to risk and fund management. As soon as he starts working, applications will appear for this position. Trading complies with all the rules of the trading algorithm and we act accordingly. Profit and financial well-being to everyone🤝Transaction support - t.me/addlist/1tRFE2bSkE04MWNi