Gold - buy on 4H - how to trade & good entry
Updated
Dear traders and followers,
the gold price has gone into a correction movement and lost almost $200 in value per ounce last week after reaching a new all time high. We are waiting for a new test of $1900 and subsequent buy confirmation before opening a buy position.
The MACD indicator is below the 0 line (bearish) and the base lines are close to an bearish crossing. The buy volume is very low and weak and will soon reopen in sales volume. A possible short position could be entered after a failed test of 1960$ with tight stop loss.
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the gold price has gone into a correction movement and lost almost $200 in value per ounce last week after reaching a new all time high. We are waiting for a new test of $1900 and subsequent buy confirmation before opening a buy position.
The MACD indicator is below the 0 line (bearish) and the base lines are close to an bearish crossing. The buy volume is very low and weak and will soon reopen in sales volume. A possible short position could be entered after a failed test of 1960$ with tight stop loss.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Thanks for your support !
Trade closed: target reached
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