My thoughts on Gold
Monthly: Overall trend is Bullish - has closed above prev high, will
create new highs before monthly closure (25 days)
Weekly: Trend is Bullish - week ended as a PB, could expect some selling pressure this week
Daily: Friday ended in consolidation, will need more liquidity to go higher
4hr: has completed M formation, beginning bullish phase
1hr: has broken and closed above prev high, will wait for new candles to form
Gameplan for trade:
1) wait for new candles to form. This will be
extra confirmation
Entry:
1h: for buys: will need a break and close above 2662, will need a FVG that holds and complete cross of EMA
5m: we have completed H & S, early buys will be possible but they are short term for now.
create new highs before monthly closure (25 days)
Weekly: Trend is Bullish - week ended as a PB, could expect some selling pressure this week
Daily: Friday ended in consolidation, will need more liquidity to go higher
4hr: has completed M formation, beginning bullish phase
1hr: has broken and closed above prev high, will wait for new candles to form
Gameplan for trade:
1) wait for new candles to form. This will be
extra confirmation
Entry:
1h: for buys: will need a break and close above 2662, will need a FVG that holds and complete cross of EMA
5m: we have completed H & S, early buys will be possible but they are short term for now.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.