Gold Bias
Reasons for longs
Daily: Price is still in a bullish trend seems to have
formed a double top though with rsi divergence
really struggling to break and close above
resistance level moving averages are still below
price indicating could be more buying pressure
H4: Price is very choppy one thing I like is how
price has come back to support where it has
been indecisive many times showing that there
is strong buying pressure at this level even has
formed a double bottom along with .786 on fibs
H1: looking for a Break and retest of minor
resistance level before taking a long position
if minor resistance is broken and holds as a
level of support and I get a clear buy signal
longs will be my desired trade low risk % as
market is very choppy
Reasons for longs
Daily: Price is still in a bullish trend seems to have
formed a double top though with rsi divergence
really struggling to break and close above
resistance level moving averages are still below
price indicating could be more buying pressure
H4: Price is very choppy one thing I like is how
price has come back to support where it has
been indecisive many times showing that there
is strong buying pressure at this level even has
formed a double bottom along with .786 on fibs
H1: looking for a Break and retest of minor
resistance level before taking a long position
if minor resistance is broken and holds as a
level of support and I get a clear buy signal
longs will be my desired trade low risk % as
market is very choppy
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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.