Gold - wait a little .....
Gold has only one trade consideration presently and that is long.... It is too bullish for a countertrend trade ....
On a daily basis I would prefer to enter long at a retest of support -
Enter - between 20 and 50 MAV, below R1 monthly Pivot.
Target - very long to the monthly R4
Stop - below the 50 MAV , which price has completely respect with this uptrend.
RR = 3.5......
On a daily basis I would prefer to enter long at a retest of support -
Enter - between 20 and 50 MAV, below R1 monthly Pivot.
Target - very long to the monthly R4
Stop - below the 50 MAV , which price has completely respect with this uptrend.
RR = 3.5......
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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.