GOLD - Descending Channel (Long Opportunity)
Updated
The price of Gold Futures is possibly moving in descending channel on the 1-day chart.
After todays strong downwards movement, we're almost at the support line of the channel.
I'm expecting another drop tomorrow, from where we will consider to open our position as follows
Open Position (Long): 1446.00 or below
Target: 1490.00 or above (Key Zone)
Please wait for a confirmation first.
I will keep you updated!
What is your trading plan for the next days? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
After todays strong downwards movement, we're almost at the support line of the channel.
I'm expecting another drop tomorrow, from where we will consider to open our position as follows
Open Position (Long): 1446.00 or below
Target: 1490.00 or above (Key Zone)
Please wait for a confirmation first.
I will keep you updated!
What is your trading plan for the next days? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
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