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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.