Gold ATH Coming?
Updated
we are looking at two possible entry here, one is at 1940 and 1912.
gold has broken out of bearish channel and also rejected fibo 61 on d1 timeframe.
we are feeling very optimistic about a long at 1941.
first target will be 1980
second target will be 2000
make sure not to risk more than .5% with at least 1:3 risk reward ratio.
good luck!
gold has broken out of bearish channel and also rejected fibo 61 on d1 timeframe.
we are feeling very optimistic about a long at 1941.
first target will be 1980
second target will be 2000
make sure not to risk more than .5% with at least 1:3 risk reward ratio.
good luck!
Trade active
rejected fibo 50 and going up nicely, also broke out of a channel that formed up there.keep holding sl below fibo 50.
Trade closed: target reached
Didn't even need a 2nd day, 1980 done!Next target 2000 let's go ATH.
move sl to breakeven.
Note
we even accurately predicted the zone where price will face resistance and the support below where it will stop which is 1970. those who can afford and feeling fomo can try to get in at 1970 but watch out it may face manipulation.
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.