Bearish
- Current price is 1701, 3 weeks high
- 4H candle formation is getting week with every new candle
- Gold is over bought
- Fib retrenchment
Plan A
Sell: 1701.00
SL: 1608
TP1: 1692
TP2: 1690
TP3: 1685
==========================================================
Bullish
- Market is overall in bullish run
- Gold has broke previous LH
- Gold is over bought
Plan B
Wait for for gold retrenchment to 1684 to go long
1682 is a strong support
Long Gold: Wait for retrenchment to 1684
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00
- Current price is 1701, 3 weeks high
- 4H candle formation is getting week with every new candle
- Gold is over bought
- Fib retrenchment
Plan A
Sell: 1701.00
SL: 1608
TP1: 1692
TP2: 1690
TP3: 1685
==========================================================
Bullish
- Market is overall in bullish run
- Gold has broke previous LH
- Gold is over bought
Plan B
Wait for for gold retrenchment to 1684 to go long
1682 is a strong support
Long Gold: Wait for retrenchment to 1684
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00
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.
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.