After a Volatile Week due to the news Gold is trading very close to it's key level of 1450.00. So far we can see a fake out of the channel around another major level (1440.00), this level has acted as a good support previously and the 200 ema aligning to add that extra confluence for the bounce up. My prediction is that Gold has a lot of bullish momentum at the moment. I see resistance of 1450.00 breaking, we have a bullish fibonacci in play on 1hr, 50% retracement currently being respected and the -27% aligning well with our previous high,furthermore, -61.8% with the top of the channel.
I'd love to hear your point of view and ideas. Remember to trade safe and stick to your own analysis always. Have a profitable week!
I'd love to hear your point of view and ideas. Remember to trade safe and stick to your own analysis always. Have a profitable week!
İşlem kapandı: hedefe ulaştı
I just realised i tagged this under shorts X_X.... It was meant to be Longs**
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.
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.