As the gold is consolidating there is no clear view on price movement.
possible trading opportunity- scalping
1.if it respects the channel, we can scalp it in lower time frame from channel bottom to top and vice versa.
2.Wait for the price to continue in channel, if it rejects the resistance level and break the channel and pull back a little.
possible trading opportunity- scalping
1.if it respects the channel, we can scalp it in lower time frame from channel bottom to top and vice versa.
2.Wait for the price to continue in channel, if it rejects the resistance level and break the channel and pull back a little.
Note
Gold did made a move as predicted, could have been a great opportunity if entered when it broke the channel and retested it
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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.