Gold is performing in assenting parallel channel on daily time frame as will as on 4H time frame. However there is a bearish divergence that indicates the price will go down and will continue the up trend after the correction.
A buy limit order can be setup on 4H time frame.
Entry : 3072.166
Stop Loss : 2954.231
TP1 : 3190.101
TP2 : 3308.036
Bulls Score : 2
Bears Score : 1
A buy limit order can be setup on 4H time frame.
Entry : 3072.166
Stop Loss : 2954.231
TP1 : 3190.101
TP2 : 3308.036
Bulls Score : 2
Bears Score : 1
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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.