The gold yesterday fail to breakout and directly up to break 1800,so it is very strong volume invole in.The trend are change to bullishness.
We can take long trade for gold now , then it will got higher chance to be go through near the 1820 as well ,SL just put at 1794 below.
Reason for make long :
1.The candle show bullishness and strongly reversal pattern.
2.The EMA for H1 and H4 from downtrend change to uptrend and cross over to go up.
3.There have strong buying volume at 1800-1795,so it will hardly to going down and will slowly going up soon.
We can take long trade for gold now , then it will got higher chance to be go through near the 1820 as well ,SL just put at 1794 below.
Reason for make long :
1.The candle show bullishness and strongly reversal pattern.
2.The EMA for H1 and H4 from downtrend change to uptrend and cross over to go up.
3.There have strong buying volume at 1800-1795,so it will hardly to going down and will slowly going up soon.
Trade closed: stop reached
Unfortunately,the price has been effected by news and no success continue go up.After new release, it directly do down and hit our SL point.
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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.