Hello fellow traders in this chart I analyze gold on the 1 hour time frame but it extremely important to know that if the candle sticks do not continue up to my entry buy line I will not be taking this trade. Currently we are waiting for confirmation with this trade. Were looking to see the candle sticks show a strong push off the Fibonacci levels and head towards our extension levels. Gold long term has been going up for a while and especially due to the stimulus packages coming the value of the dollar will surely fall leading to a long term buy in the market anyways. So keep your eye out for this trade and many more to come.
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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.