The highlighted area has been an important supply and demand zone. Last fall's downswing took out all buys in the area, but the last rise turned this area back in a good area to go long (as shown by the brief consolidation and rejection of new resistance resistance) short term.
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Breaking prior lows, or reversal gartley?
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lmao and half the ideas on here were telling you to sell gold...put the oscillators in the trash bin folks.
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And 97% of retail traders wonder why they're not consistently making money---stop thinking like a retail trader...
Trade closed: target reached
First TP hit. Rest to BE until price tells you it's coming back against you.
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Weekly candle rejection of supply zone. Good idea to take profits now...
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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.