bullish indications:
HHHL
Support at 3027 below.
Bearish indications:
PH broken but didnt sustain which made double top formation which indicates todays movement will be bearish for gold.
Bearish divergence in 4 hr time frame
Bearish engulfer candle from resistance in 4
Forming head and shoulder in 1 hr and yet to complete the pattern.
Trend line support is broken.
Support broken at 3027
Trade plan bias short @ 3032
SL:3042
TP1:3022
TP2:3013.5
HHHL
Support at 3027 below.
Bearish indications:
PH broken but didnt sustain which made double top formation which indicates todays movement will be bearish for gold.
Bearish divergence in 4 hr time frame
Bearish engulfer candle from resistance in 4
Forming head and shoulder in 1 hr and yet to complete the pattern.
Trend line support is broken.
Support broken at 3027
Trade plan bias short @ 3032
SL:3042
TP1:3022
TP2:3013.5
Trade closed: stop reached
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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.