Long Bias - Expecting pullback 1277-1270
~ SL below monthly Support
~ Daily Timeframe
~ SL below monthly Support
~ Daily Timeframe
Trade active
1270 Triggered1268.30 SL
Note
As we can see above screenshot, price broke sub trendline but cannot break monthly support atm. If price trading below monthly support, possible for gold to retest major support at 1241.
Note
Gold must sustain above 1277 to continue bullishNote
Hourly one still cannot bypass 1277 for today action
Note
My concern for today 1279.49 since we have offer at this level.Note
Hit SL 1268.30. We break monthly support at 1269.I'll stick to this plan
Trade closed: stop reached
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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.