GOLD - Trend-Following Buy Setup!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern.
Moreover, the 1900.0 level is a strong support and round number.
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in blue acting as a non-horizontal support.
📉 As per my trading style:
As GOLD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern.
Moreover, the 1900.0 level is a strong support and round number.
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in blue acting as a non-horizontal support.
📉 As per my trading style:
As GOLD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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