Gold FuturesUpdated $Gold [Intraday]
New gold breakout! bearish.
(*During the time I was publishing this idea the breakout already took place).
(*During the time I was publishing this idea the breakout already took place).
Trade active
Holding at 2476 for now, with some div. in the rsi on the 1m timeframe.
Note
Holding at the moment!Trade closed: target reached
Target reached!Waiting for a new confirmation for a dir.
Note
Nothing beats a little Friday evening scalping after yet another successful week.Gold might pull back as low as 4 200 in this next phase. If gold breaks below where it currently sits at 4 450 ish. It could signal the start of a bigger pullback.
Wait and confirm outside the range if you looking to scalp or trade intraday for further confirmation.
Note
Regarding the price for the possible scenario regarding a bigger pullback I previously mentioned, there where a small typo (4 200 and 4 450). Correction: The pullback could be as low as 2 400 and a first indicator is drop below 2 450 ( /Gap fill).
Note
Price did break below the 2450 prev. mentioned and proceeded to our lower target at 2400 as shown below. GOLD currently holding steady. Stay tuned for more updates.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.