I am long gold from the $1548 price level. Looking to trade this up to $1580/85 where there is potential for a head & shoulders trend reversal if price finds resistance.
My entry criteria for this long trade is 1hr higher highs made on Friday, price is now retesting the $1550 support zone with the 4hr 50ema supporting and price looking to bounce once more.
Middle East tensions could support a gold boost.
My entry criteria for this long trade is 1hr higher highs made on Friday, price is now retesting the $1550 support zone with the 4hr 50ema supporting and price looking to bounce once more.
Middle East tensions could support a gold boost.
Trade active
Trade closed: target reached
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Related publications
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.