So you're missing the wave to trade gold, where should you re entry?
1. Gold / XAUUSD is on its bull trend, with the new swing high (A to B)
2. Because of that, open for long / buy trade is much preferred
3. I use Fibonacci Point A to B 61,8 - 78,6 for the entry
4. Target is on 127 1769 - 1775 and next is 168 1799 - 1805 using Fibonacci point X to A
When will the bull trend reversed?
Trend will reverse if gold moves below point A, which will make new swing low.
I don't want to buy there, where should i buy?
You can buy anywhere but i prefer if the price is already reached 1710 - 1718 around Fibonacci 50.
1. Gold / XAUUSD is on its bull trend, with the new swing high (A to B)
2. Because of that, open for long / buy trade is much preferred
3. I use Fibonacci Point A to B 61,8 - 78,6 for the entry
4. Target is on 127 1769 - 1775 and next is 168 1799 - 1805 using Fibonacci point X to A
When will the bull trend reversed?
Trend will reverse if gold moves below point A, which will make new swing low.
I don't want to buy there, where should i buy?
You can buy anywhere but i prefer if the price is already reached 1710 - 1718 around Fibonacci 50.
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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.