Gold traded in a range yesterday with a high of 1850 and a low of 1830, more or less...
As I said before, my outlook for Gold is very bullish and the medium term and I expect a new leg up to begin soon.
In short term, we can clearly see an H&S pattern with the neckline at around 1830, but I don't think will have a continuation to target for this pattern (that meaning a fall of 500 pips after the break). More probable in my opinion is a false break under this neckline followed by a strong reversal up.
That being said I will look for opportunities to buy Gold and an ideal entry point would be 1815-1818 zone
As I said before, my outlook for Gold is very bullish and the medium term and I expect a new leg up to begin soon.
In short term, we can clearly see an H&S pattern with the neckline at around 1830, but I don't think will have a continuation to target for this pattern (that meaning a fall of 500 pips after the break). More probable in my opinion is a false break under this neckline followed by a strong reversal up.
That being said I will look for opportunities to buy Gold and an ideal entry point would be 1815-1818 zone
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.