The chart indicates that the gold price has completed a correction pattern, and I anticipate an upward trend to continue, aiming for the target range of 2702-2707, as we are still in wave 5.
For confirmation, a close above 2665 is required.
Should the price close below the validation level of 2647, I would expect it to proceed to the 2630-2625 range.
I plan to buy at the current price with a stop loss set at 2647.
For confirmation, a close above 2665 is required.
Should the price close below the validation level of 2647, I would expect it to proceed to the 2630-2625 range.
I plan to buy at the current price with a stop loss set at 2647.
Trade closed: stop reached
stop lose 100 pips
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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.