Price could not break daily support, which price also closed above on friday.
There is also a break of structure on the 4hr confirming bullish momentum for gold.
Entry on the touch of the trendline with 25pips SL and 200pips TP in view.
Risk Managment is very important.
There is also a break of structure on the 4hr confirming bullish momentum for gold.
Entry on the touch of the trendline with 25pips SL and 200pips TP in view.
Risk Managment is very important.
Note
Buy is invalid as sell momentum is now in play due to Resistance on the daily breaking structure on the 4hr
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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.