Gold Short Term Analysis potential retest support 1782
As we have seen gold did break down the ascending channel due to correlation with us bonds, however a resistance should be tested.
Option 1:
gold will retest the strong support at 1782 an go the next resistance level and take profit with a nice risk to reward ratio
Option 2:
gold will break the support zone and you should exit the trade with a nice risk management.
Option 1:
gold will retest the strong support at 1782 an go the next resistance level and take profit with a nice risk to reward ratio
Option 2:
gold will break the support zone and you should exit the trade with a nice risk management.
Order cancelled
gold has tested the sumo at 1813,97. if you bought at the support you would have gained a nice 330 pips. This is just the beginning. now just waiting for a clearer directionNote
sumo instead of sumo lol
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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.