In this analysis,
we used the classic cup and handle pattern and Fibo Level pattern, which show us breaking the gold price at 0.68 level and approaching level 1.
At this level, the price seems to have no reversal point due to the symmetry of behavior because of Price at previous levels and price growth parity that symmetry is shown in the view with a blue measuring line.
so We can expect the price to continue its upward trend.
accordingly, three profit points are suggested.
TP1 1578
TP2 1594
TP3 1609
Risk/Reward Ratio = 1: 7
Guys, if you like the idea please hit the like button, this will be the best thanks.
also, I am ready for reading your comments and views about my idea.
Thank you for your support, I appreciate it.
we used the classic cup and handle pattern and Fibo Level pattern, which show us breaking the gold price at 0.68 level and approaching level 1.
At this level, the price seems to have no reversal point due to the symmetry of behavior because of Price at previous levels and price growth parity that symmetry is shown in the view with a blue measuring line.
so We can expect the price to continue its upward trend.
accordingly, three profit points are suggested.
TP1 1578
TP2 1594
TP3 1609
Risk/Reward Ratio = 1: 7
Guys, if you like the idea please hit the like button, this will be the best thanks.
also, I am ready for reading your comments and views about my idea.
Thank you for your support, I appreciate it.
Note
modify stop loss levelOrder cancelled
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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.