CFDs on Gold (US$ / OZ)
Long
Updated

Gold In Up trend

239
As previously analyzed, gold continues the correction pattern and has reached the sell target (from 2647 to 2625). Currently, the price has started a motive wave (wave 5 from 3, targeting 2707).

Buy at the current price of 2664 and take profit at 2685 and 2702.
Set a stop loss at 2652 (120 pips).
Trade active
Take profit for the initial entry @ 2662, and plan to repurchase between 2652 - 2648, setting a stop loss at 2640.
Trade active
TRADE ACTIVE
Trade closed: stop reached
Sl 100 pips

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.