SHORT GOLD @ 1240-1245; if Breakout short @ 1265
Gold bought at Supply Zone (1184-1179).
Gold pierces Resistance trendline, and falls in Demand Zone (1237-1245)
Gold to retest Demand zone (1237-1240); and pierces Resistance trendline (1243-1245).
RSI will present Gold is Overbought.
Stop Loss: 1250
Take Profit:
1.1219
2. 1st Supply Zone (1213-1206)
3. 1206 Support Trendline
4. 2nd (Green) Suppy Zone (1184-1179)
If we see Breakout from Trendline, short at Demand zone (1260-1270)
Stop Loss: 1274
Take Profit: 1. 1245-1237 (now Supply Zone) 2. 1219
Gold pierces Resistance trendline, and falls in Demand Zone (1237-1245)
Gold to retest Demand zone (1237-1240); and pierces Resistance trendline (1243-1245).
RSI will present Gold is Overbought.
Stop Loss: 1250
Take Profit:
1.1219
2. 1st Supply Zone (1213-1206)
3. 1206 Support Trendline
4. 2nd (Green) Suppy Zone (1184-1179)
If we see Breakout from Trendline, short at Demand zone (1260-1270)
Stop Loss: 1274
Take Profit: 1. 1245-1237 (now Supply Zone) 2. 1219
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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.