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GOLD - Wait For The Bulls!
Gold Spot / U.S. Dollar
GOLD - Wait For The Bulls!
By TheSignalyst
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Feb 17, 2023
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Feb 17, 2023
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY:
Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H1:
Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support.
đź“š
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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