 Trading Signals Manual

Trading Signal - 12 / 05 / 2020 - 10:00 (GMT +3)

Instrument: GOLD
by: Chief Technical Strategist Avramis Despotis

Previous Close 1701

Change 0.17 %

Current 1701

52 Week High 1727

52 Week Low 1284

30 Days ATR 23

40 Weeks ATR 40

Trend & Support & Position & Trade Entry, Take Profit &
Time Comments
Condition Resistances Probability Stop Loss Levels

Position Entry SL

1693 1704 The market failed to reach TP2 and hit the lock in
60min
profits level. The stop loss order has been executed SELL - -
CHART
1685 1710 closing the remaining 50% of our position (1700).
· Downwards
Now we are looking for the next opportunity to enter Trade P. TP1 TP2
Next 3 Days Strong
· 1675 1721 the market
Neutral - - -

Position Entry SL

240min 1681 1734

A Medium probability, entry signal to go LONG was
CHART LONG 1715 1681
given at 1715 after the market completed a bullish
· 1660 1767
Next 3
Upwards trend reversal pattern. Only the downward break of
Trade P. TP1 TP2
Weak 1681 would cancel the bullish scenario.
Weeks 1630 1819
·
Neutral Medium 1734 1767

Position Entry SL

Daily 1660 1747 The market is in an uptrend and we are waiting for
CHART an entry signal to go LONG above the 1747 BUY 1747 1660
· 1611 1800 resistance level. Only the downward break of 1660
Next 3 Upwards
would cancel the bullish scenario and take us Trade P. TP1 TP2
Strong
Months 1535 1890 SHORT.
·
Neutral Medium 1800 1890
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