Gold analysis chart on the 1-hour time frame chart facing high bullish pressure, after the break-out of the descending trend line. 3200 is the strong level with high potential pull back. The confirm entry level 3225.00 indicates the first layer of price pull back, and the lower trend line indicates the continuing of the bullish trend. Overall the point of interest (POI) is the point of target. It may consolidate 3245 to 3260 area because of the buy side liquidity.
Clear trade setup for educational purpose.
Bullish entry 3225.00
Target 3250.00
Target 3300.00
Target 3330.00
Stop loss: 3190.00
Use proper risk/reward ratio.
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Clear trade setup for educational purpose.
Bullish entry 3225.00
Target 3250.00
Target 3300.00
Target 3330.00
Stop loss: 3190.00
Use proper risk/reward ratio.
That’s all, what you think about “GOLD” reversal write in comment below.
Kindly like 🚀 to support us.
Trade active
Use properly.Trade closed manually
close half trade
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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.
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.