Gold buy a break setup.
Updated
Gold - Intraday - We look to Buy a break of 1822.5 (stop at 1809.8)
50 4-hour EMA is at 1816.6.
A bullish reverse Head and Shoulders is forming.
Previous support, now becomes resistance at 1850.
Bias is mildly bullish today but we need to see a break of 1820 to confirm the upward pressure.
Our profit targets will be 1858.8 and 1874.2
Resistance: 1820.0 / 1840.0 / 1850.0
Support: 1800.0 / 1780.0 / 1764.6
50 4-hour EMA is at 1816.6.
A bullish reverse Head and Shoulders is forming.
Previous support, now becomes resistance at 1850.
Bias is mildly bullish today but we need to see a break of 1820 to confirm the upward pressure.
Our profit targets will be 1858.8 and 1874.2
Resistance: 1820.0 / 1840.0 / 1850.0
Support: 1800.0 / 1780.0 / 1764.6
Trade active
Trade closed: target reached
Trade closed at slight profit at 1838
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