GOLD Waiting for rally up
Gold is likely to bounce off the two orange resistances. The first one is pretty strong but the price can rally up to the edge of the wedge and give us an excellent shorting opportunity.
Note
You can also go long until the nearest resistance. Stop-loss behind the nearest low.Note
Entry TriggeredNote
If you close now you in a pretty good shape with around 1,2% if you risk 1% per trade.
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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.