Weekly Chart:
Bearish Candle but has tail rejection of low price and reacted nicely @ support zone 1304-1308
Daily Chart:
Bullish with rejection of low price
Watch out:
Short-term down trend line since 11th Apr 2018
Action:
Good time to buy Gold
Bearish Candle but has tail rejection of low price and reacted nicely @ support zone 1304-1308
Daily Chart:
Bullish with rejection of low price
Watch out:
Short-term down trend line since 11th Apr 2018
Action:
Good time to buy Gold
Trade active
Buy order has been filled.Note
Be patient!Note
That's great. It moved in our favor.Note
But watch out for short-term down trend line since 11th Apr 2018 will act as a resistance.Trade closed: stop reached
As I mentioned before short-term down trend line since 11th Apr 2018 acted as a resistance. I dipped below 1300$ and hit my SL. I will wait until Gold can break this trend before buying it.
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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.