Gold an even bet long
On the intraday hourly chart , gold appears to be making a short term uptrending channel.
With price reaching the mid channel ( thanks to an across the board decline of treasury bond yields) , a long is suggested
1. Enter - aournd 1830
2. Target - 1855
3. Stop - 1810
RR = 1+
With price reaching the mid channel ( thanks to an across the board decline of treasury bond yields) , a long is suggested
1. Enter - aournd 1830
2. Target - 1855
3. Stop - 1810
RR = 1+
Note
This trade idea has shown to be able to be repeated atleast on 3 separate occasions with gold in consolidation
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.
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.