-This is a good opportunity to enter a long for gold.
-As price broke the ascending triangle, I am looking for a retracement of the supply turned demand zone.
-There is a confluence of the 23.8% fib level which is line with the demand zone which suggests price has a high probability of reaching the zone and retrace to the upside.
-The 50EMA also adds another confluence as EMA is below price which indicates a bullish trend and looking for bullish signals for Gold.
-I am hoping price will reach the monthly higher highs (1797.791) which can be set as a TP.
Let's see how price will react during the week!
Please make sure to follow, like and comment your ideas/opinion on gold!
-As price broke the ascending triangle, I am looking for a retracement of the supply turned demand zone.
-There is a confluence of the 23.8% fib level which is line with the demand zone which suggests price has a high probability of reaching the zone and retrace to the upside.
-The 50EMA also adds another confluence as EMA is below price which indicates a bullish trend and looking for bullish signals for Gold.
-I am hoping price will reach the monthly higher highs (1797.791) which can be set as a TP.
Let's see how price will react during the week!
Please make sure to follow, like and comment your ideas/opinion on gold!
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.
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.