Gold overall trend is bullish
Support (structure) is 1239
Support (last wave) is 1249
now is pennant continuation bullish
Scenario 1. buy on breakout pennant 1260
Scenario 2. wait price action at support
Support (structure) is 1239
Support (last wave) is 1249
now is pennant continuation bullish
Scenario 1. buy on breakout pennant 1260
Scenario 2. wait price action at support
Trade active
scenario 1 in play, minimum TP is 1265
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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.