Gold Small break out ? 1H / 1D perspective .
Hi traders.
Looks like on smaller time frame gold its finally breaking out form the channel . I think we might test weakly pivot or even 50 fib .. level . I'm not in any position and waiting for lower entry like I described in my lower chart link below . Just observing the behavior its important to see how much participation we will find in move from this level . we need to see volume significantly increasing if this is the time witch I don't see it here yet , If we start breaking monthly pivot things can get interesting ...
Looks like on smaller time frame gold its finally breaking out form the channel . I think we might test weakly pivot or even 50 fib .. level . I'm not in any position and waiting for lower entry like I described in my lower chart link below . Just observing the behavior its important to see how much participation we will find in move from this level . we need to see volume significantly increasing if this is the time witch I don't see it here yet , If we start breaking monthly pivot things can get interesting ...
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.