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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🎯 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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.