Great Risk v Reward on Gold
Trade set up now on gold.
Buy - 1697
Stop - 1690 below the trend lines and today's low - If that level breaks we are heading down to 1678 area at the bottom of the trianglish wedgish pattern we've been stuck in for weeks.
Target 1 - 1717 or the top of the triangle
Target 2 - if we break out of the triangle resistance above 1717, then we may be going much higher.
Buy - 1697
Stop - 1690 below the trend lines and today's low - If that level breaks we are heading down to 1678 area at the bottom of the trianglish wedgish pattern we've been stuck in for weeks.
Target 1 - 1717 or the top of the triangle
Target 2 - if we break out of the triangle resistance above 1717, then we may be going much higher.
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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.