hey guys,
on gold we have a nice opportunity to catch a bullish movement after a strong selloff.
on a 4 h chart we have a completed bullish cypher pattern and the market has already entered a buying zone.
+we have a heavily overgought RSI.
for confirmation we have a nice inversed head and shoulders pattern on a 1 h chart.
wait for a bullish violation of a neckline, the target is around 1300 level.
good luck!
Note
sorry for a mistakeRSI is oversold :)
Trade active
Note
target 1 hit
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.