- Gold is currently making HH and HL showing classic up trend.
- Last impulse move went from 2265.505 to 2304.990, an up move of about 1.74%.
- Since makeing HH, price has retraced to 0.5 fibonacci value making HL of 2282.690, a down move of about 0.97%.
- No bearish divergence has been identified.
- Price has completely retraced to trend line.
- Bullish confluence is observed.
- Last impulse move went from 2265.505 to 2304.990, an up move of about 1.74%.
- Since makeing HH, price has retraced to 0.5 fibonacci value making HL of 2282.690, a down move of about 0.97%.
- No bearish divergence has been identified.
- Price has completely retraced to trend line.
- Bullish confluence is observed.
Trade active
Trendline is broken. Possible trend reversal in play.Trade active
Target 01 achieved. Move stop loss to break even.Trade closed: target reached
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.