Potential setups on gold
Currently seeing gold trade Bullish as per our previous trade. (check previous idea)
Looking at gold I see 2 potential setups.
1) Gold Buys (Negative) FOMC News
Gold tests between 1947-1950 again then continues bullish heading towards Target 1, with a closure above 1960. once we see this setup we can expect price to continue up towards 1973 with a final target of 1980+
Potential Trade: Buy at 1947-1950 with a tight stop (follow your own risk management) with targets above.
2)Gold Sells (Positive FOMC) News
Gold Tests 1960 again then heads down south bearish towards 1945. once a closure bellow 50 is established we can see gold head towards target -1. Once we break through target 1 with a closure we can see price test 1930-1933.
Remember during news we can expect high volume and spikes both ways.
Please Trade safe and follow strict risk management.
Looking at gold I see 2 potential setups.
1) Gold Buys (Negative) FOMC News
Gold tests between 1947-1950 again then continues bullish heading towards Target 1, with a closure above 1960. once we see this setup we can expect price to continue up towards 1973 with a final target of 1980+
Potential Trade: Buy at 1947-1950 with a tight stop (follow your own risk management) with targets above.
2)Gold Sells (Positive FOMC) News
Gold Tests 1960 again then heads down south bearish towards 1945. once a closure bellow 50 is established we can see gold head towards target -1. Once we break through target 1 with a closure we can see price test 1930-1933.
Remember during news we can expect high volume and spikes both ways.
Please Trade safe and follow strict risk management.
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.