Gold. Daily and hourly TF
Hey traders and investors!
On the daily timeframe, another buyer's impulse, which has not yet been completed (waiting for a short bar). Three bars with increased volume are at the bottom of the impulse, below 2,806. The last two daily bars have decreasing volume.
On the hourly timeframe, the price has formed a sideways range. The current seller's vector is 5-6, with a potential target of 2,859.975.
Buying Strategies
Buying (long) setups should be considered from the lower levels of the range at 2,859.975 – 2,858.
On the daily timeframe, given the current situation, buying opportunities can be looked for below the close of the last bar with increased volume – 2,814.710
Selling Strategies
Looking for selling (short) setups is risky, but if desired, it is reasonable to do so from the upper levels of the hourly range at 2,873.340 - 2,882. Alternatively, below 2,858, when the seller breaks out of the range downward and confirms this breakout.
I wish you profitable trades!
On the daily timeframe, another buyer's impulse, which has not yet been completed (waiting for a short bar). Three bars with increased volume are at the bottom of the impulse, below 2,806. The last two daily bars have decreasing volume.
On the hourly timeframe, the price has formed a sideways range. The current seller's vector is 5-6, with a potential target of 2,859.975.
Buying Strategies
Buying (long) setups should be considered from the lower levels of the range at 2,859.975 – 2,858.
On the daily timeframe, given the current situation, buying opportunities can be looked for below the close of the last bar with increased volume – 2,814.710
Selling Strategies
Looking for selling (short) setups is risky, but if desired, it is reasonable to do so from the upper levels of the hourly range at 2,873.340 - 2,882. Alternatively, below 2,858, when the seller breaks out of the range downward and confirms this breakout.
I wish you profitable trades!
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
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.
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
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.