GOLD-BUY strategy 12 hourly chart GANN SQ

13 Mar

The overall picture is still higher and a test of $ 2,980 is expected. The short-term picture suggest we are slight overbought, but the earlier SELL levels executed, should have careful SELL additions (maintaining low leverage). I think we may see the touching of $ 3,000 for market to test this level. the GANN structure shows we are supported and also the trendline support area $ 2,910-2,920 seems strong for this moment in time.

Strategy 1. BUY @ $ 2,940-2,950 and take profit near $ 2,995 (expecting to go near $ 3,000)
Strategy 2: SELL or ADD near $ 2,990-3,010 before a re-treat may be seen.

18 Mar

İşlem kapandı: hedefe ulaştı

closed out @ $ 2,995