Long GOLD (BUY)
Updated
After an expansion, the previous 30M supply zone was broken by a newly formed 30M demand zone .
Given that price has now retraced into the premium zone, this has created an opportunity to go long.
I am planning on waiting for price to react to this demand zone and to get an entry based off the reaction.
Like post if you agree with the analysis and expect price to continue to the upside.
If you disagree, comment below why?
GUARANTEE
- The information created and published by myself on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
REMINDER
- This trade may not play out as planned and is only an idea, so there is a risk of losing money. Be sure to do your own individual analysis and enter on your accord.
Given that price has now retraced into the premium zone, this has created an opportunity to go long.
I am planning on waiting for price to react to this demand zone and to get an entry based off the reaction.
Like post if you agree with the analysis and expect price to continue to the upside.
If you disagree, comment below why?
GUARANTEE
- The information created and published by myself on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
REMINDER
- This trade may not play out as planned and is only an idea, so there is a risk of losing money. Be sure to do your own individual analysis and enter on your accord.
Trade closed: stop reached
price did not react to zone, SL triggered.
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.