Gold making range for big pump or dump?
Gold has been trading in symmetrical triangle formation, one can pick positions accordingly.
I gave short call from 1852-55 range where there were two trend line resistances on daily TF while my both targets of 1830 first thn 1810 have been achieved.
working both ways for the bulls and bears.
Now its on the support of symmetrical triangle around 1790-92 and there is another dotted trend line support around 1770-1774 as well.
Strong hold of gold is 1750 if it breaks thn lower targets could be achieved easily.
I would suggest to open long long positions from 1790 zone and ride till 1814, 1829 and 1845.
Keep SL 1787.
You can see my previous idea in related links
I gave short call from 1852-55 range where there were two trend line resistances on daily TF while my both targets of 1830 first thn 1810 have been achieved.
working both ways for the bulls and bears.
Now its on the support of symmetrical triangle around 1790-92 and there is another dotted trend line support around 1770-1774 as well.
Strong hold of gold is 1750 if it breaks thn lower targets could be achieved easily.
I would suggest to open long long positions from 1790 zone and ride till 1814, 1829 and 1845.
Keep SL 1787.
You can see my previous idea in related links
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