Gold has just touched a support area where I previously executed a long trade. If I get confirmation from an indecision candle followed by a confirmation candle, I will execute another long trade and set a target around the 1158.00 level. There is some previous support at this level and if all goes well and it reaches my resistance line, I will execute a short trade if I get price action confirmation. I will set my first target at the 1150.00 triple bottom level where I predict it will break out.
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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.